US Dollar Pushes Forward in Strong & Impulsive Uptrend 2015.03.10

4 hour EURUSD: the momentum is both continuous and strong, which are typical characteristics of a wave 3 (in this case dark green wave 3).

60 min EURUSD: within wave 3 (dark green), price is expanding the internal waves with 5 waves (magenta) within wave 3 (blue). Wave 4 and 5 (blue) would then complete wave 3 (dark green),

GBPUSD

4 hour GBPUSD: whether the bearish price movement is indeed corrective remains to be seen and will partly depend on whether price will break below the 100% Fibonacci level or above resistance.

60 min GBPUSD: one of the key factors is the first resistance line (yellow orange).

USDJPY

4 hour USDJPY: the next major resistance level is at 124 which is a monthly top (red).

60 min USDJPY: the internal wave count is vulnerable to change if the current wave 3 (blue) does not move up quickly enough. In that case the wave 1-2 of blue will become wave 3 and 4 of purple.