The Greek no vote to the referendum on Sunday created bearish pressure on the EUR/USD but it did not invalidate the ABC (light purple) formation which is the blue support trend line. The green line is the invalidation level for the WXZ (green) count.
The triangle pattern (orange and blue) is still valid and holding.
The GBP/USD continues to fall but the angle of the downtrend seems to be weakening when comparing the angle of resistance (red) trend line with the support one (green).
Wave C (blue) could complete at one of the Fibonacci support levels of X versus W.
The USD/JPY has bounced off of the support level (green) once again and so far is unable to push below 122.
The USD/JPY is making a large scale correction and remains located between support and resistance trend lines.
Please note that the update is posted with permission from Admiral Markets
read the original article on AdmiralMarkets.com