Breakouts, EUR/USD: We saw breakouts in consolidations across the board in USD and JPY crosses. Here on FXTimes, I talked about EUR/USD and GBP/JPY. For example, during the 2/1 Asian session, EUR/USD extended above the recent short-term range seen in the 1H chart that was broken during the 1/31 US session, reaching 1.3675. This passed the conventional range breakout target of 1.3630-40. As we get ready for the 2/1 US session, we see the bulls retreat from 1.3675. GBP/JPY: I also noted the GBP/JPY’s consolidation setup yesterday (1/31), waiting for a breakout. The break came to the upside, and extended throughout the ... (full story)