Daily Wave Analysis for 12 September 2014 2014.09.12

4 hour EURUSD:

Price is pausing with the downtrend after it hit the bottom of the channel (blue). 

60 min EURUSD:

Price made a retracement to the 38.2% Fibonacci of wave 4 (light blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line.

GBPUSD

4 hour GBPUSD:

The Awesome Oscillator has retraced back to the middle line (center), which indicates that a retracement could be completed in the near future.

60 min GBPUSD:

Price could not break the 38.2 Fibonacci retracement so far of potential wave 4 (red). Break outs (red arrows) could be possible below support (green and blue) lines.

USDJPY

4 hour USDJPY:

Price is accelerating in an uptrend which could be part of wave 3 (light blue and dark blue).

60 min USDJPY:

Price is moving upwards in a neat channel (blue and orange).