The EUR/USD respected the 38.2% Fibonacci retracement level of wave 4 (purple) as expected. This bullish move is most likely one piece of a larger corrective zone, which has been marked as a WXY (green). A break below the bottom and 100% Fibonacci level would increase the likelihood that the wave 4 (purple) has been completed.
The EUR/USD broke the support trend lines (dotted green) after bouncing at the 38.2% Fibonacci retracement level. Price made an ABC (orange) correction and is respecting the 61.8% support Fib, which could be a bouncing spot for wave Y (green).
The GBP/USD is building a small corrective pattern (red/green) after hitting the 23.6% Fibonacci level. A break above resistance could start the correction within wave 2 (blue).
The GBP/USD seems to be respecting the 78.6% Fibonacci level of wave "B vs A". A break below the support trend line would indicate that the wave 1 (blue) is not yet completed.
The USD/JPY broke the support trend line (dotted green) as expected due to the strong bearish momentum candles. Price is now at the 50% Fibonacci level which could be a bouncing spot. The same potential support could take place at other Fib levels.
The USD/JPY seems to be extending the wave 5 (brown) with 5 smaller waves (blue).
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