EURUSD
The break of the 1.35 support level is the first time price has moved outside of the 1.35-1.37 zone since the end of May. However despite the break, there is a decent chance that wave 5 (dark red) has been completed with yesterday’s fall.
4 hour EURUSD:
If wave 5 (dark red) is not finished, then the Fibonacci levels could be the targets.
60 min EURUSD:
GBPUSD
The break below 1.7040 (red-green) changes perspectives: the wave count now shows wave 5’s as completed at the top.
4 hour GBPUSD:
An impulsive 12345 (dark red) could potentially complete wave 5 (magenta). The wave 4 should not cross into wave 1 (orange line).
60 min GBPUSD:
USDJPY
Price is now moving towards the Fibonacci targets of wave Y (dark red) but faces the resistance of the trend channel.
4 hour USDJPY:
Price indeed bounced yesterday back up to complete wave X (dark red).
60 min USDJPY:
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