EUR/USD
4 hour
The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news.
1 hour
All wave counts are highly subject to any volatility connected to news.
GBP/USD
4 hour
The GBP/USD is behaving choppily and has gone sideways for the last 2 trading days. A break below the support fractal would invalidate the wave count.
1 hour
The break above resistance (orange dotted line) was slow and corrective so far and requires a break above 1.5750 before upside potential is in vision. A break below the support trend line (light green) shows lack of upside momentum.
USD/JPY
4 hour
The USD/JPY managed to reach the bottom of the wedge and is now in a break or bounce spot. A break below support could see price fall towards the Fibonacci targets.
1 hour
The USD/JPY is showing bearish momentum as it approaches the important 122 support level.
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EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
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GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
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