EURUSD
Overall price remains in a tight consolidation (red and green lines) and it can continue with consolidating in between that support and resistance with various forms of corrective movements.
4 hour EURUSD:
The EURUSD is making a small triangle (blue trend lines). A break out (green and red arrows) could occur if price breaks above or below it.
60 min EURUSD:
GBPUSD
Price is in a potential 5th wave with a typical presence of divergence.
4 hour GBPUSD:
A potential breakout (green arrows) could occur for a 5th wave (brown) up to the Fibonacci targets (100%/161.8%). The wave count will consider 5 waves to be completed if price break below current wave 4 (brown). The wave 4 is taking unusually long to develop which could be a warning that the current wave count will change (see 4 vs 3 time Fib ratios).
60 min GBPUSD:
USDJPY
Price did break below the bottom yesterday and has expanded the corrective pattern.
4 hour USDJPY:
60 min USDJPY:
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