the EUR/USD will probably make a bearish bounce and breakout to confirm a bearish wave 4-5 pattern. The GBP/USD is testing deep Fibonacci retracement levels at 1.2950-1.30 which is key decision zone for a bear break or bull bounce.
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The EUR/USD needs a break below the 21 ema zone for a bearish downtrend continuation towards the Fibonacci targets at 1.0950-1.10.
The GBP/USD is deciding whether it will develop a bearish ABC zigzag pattern or ABCDE triangle formation.
Check out the video below for the full analysis and trade plans on 13 – 14 Jan 2020: