The EUR/USD is resuming its bullish trend with a new higher high. The momentum is not as strong as wave A (orange) and price will need to break above the resistance trend line (red) before price can make a continuation to the 78.6% Fibonacci resistance level.
The EUR/USD broke above the resistance trend line (dotted orange) for a bullish breakout as expected. Price is pausing at the first Fibonacci target but price can continue as long as price stays above the support levels (green).
The GBP/USD is respecting the 61.8% Fibonacci retracement level. The wave 1-2 structure (blue) will be changed if price bounces at support (green) again into a corrective formation like an ABC or if price stays too long in between support and resistance.
The GBP/USD is at a support trend line (green). A bearish breakout could see price challenge the 4 hour support trend line.
The USD/JPY needs to break above the resistance trend line (red) and resistance zone (orange) before a rally for a wave 3 (purple) becomes more likely. A break below the bottom (100%) invalidates the wave 1-2 (purple) structure.
The USD/JPY seems to be building a falling wedge chart pattern (red/green) which is potential reversal pattern. A break below the 100% Fib invalidates the wave 2 (blue). A break above the resistance could spark a bullish breakout.
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