The EUR/USD broke above the tight range (purple) and moved higher towards the resistance trend line (orange). A break above could indicate the continuation of waves Y. The Non-Farm Payroll employment change data could have a major impact on price movement and direction.
The GBP/USD is expanding the wave 4 (pink) retracement and has retraced back to the 61.8% Fibonacci level. This is the deepest retracement possible before the current wave count is invalid. Price could find resistance at the Fibonacci levels of wave 4 vs 3. The Non-Farm Payroll employment change data could have a major impact on price movement and direction.
The USD/JPY bounced at support (green). A break below it confirms the continuation of the wave Y (brown). A break above the 78.6% Fibonacci level increases the chance that the wave X (brown) is not yet completed.
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