The EUR/USD needs to break above the resistance zone to confirm a bullish wave 3 whereas the GBP/USD bullish breakout could see a wave 5 continuation towards the -61.8% Fib target and resistance zone at 1.3250-1.33.
The EUR/USD will complete a bullish wave 3 of a larger ABC pattern once price breaks above the resistance zone. A bearish bounce could indicate a larger and extended wave B rather than the start of wave C. The main target is the 1.1850 resistance zone of the daily chart.
The GBP/USD is completing a bullish wave 5 of a larger wave A but price is likely to extend to even higher targets if price manages to stay above the 21 ema support zone. GBP/USD is expected to complete wave A and then make a bearish pullback within wave B which could fall towrads the inverted head and shoulders level.
Check out the video for the full analysis and trade plans on 26-28 July 2018: