EUR/USD
4 hour
The EUR/USD is building a complex and corrective chart formation with limited space due to the many layers of support and resistance.
1 hour
It seems the most likely that price could be breaking towards the Fibonacci targets of the Wave X (magenta), which in turn could be a bouncing spot.
GBP/USD
4 hour
The GBP/USD is in a bearish channel but its angle is shallow, which in turn indicates indecisiveness.
1 hour
For the moment the corrective price action is confirming the usual price behavior of a wave X (green) but this is vulnerable to change depending whether price is able to break below the channel.
USD/JPY
4 hour
The USD/JPY bullish breakout could run intro struggle when it reaches the resistance trend lines (orange) and Fibonacci targets of wave X (green).
1 hour
The USD/JPY is approaching a bounce or break spot.
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