Daily Wave Analysis for 19 September 2014 2014.09.19

4 hour EURUSD:

The EURUSD could have completed the 3rd wave (orange) but more confirmation is needed. The price action of all pairs could be volatile depending on the Scottish independence referendum results which are expected to be released on Friday morning (local time).

60 min EURUSD:

After the bear flag break occurred (green lines) price has been correcting back upwards, which could be a triangle (blue lines).

GBPUSD

4 hour GBPUSD:

The price action of all GBP pairs could be highly dependent on the Scottish independence referendum results which are expected to be released on Friday morning (local time).

60 min GBPUSD:

The price action of all GBP pairs could be highly dependent on the Scottish independence referendum results which are expected to be released on Friday morning (local time).

USDJPY

4 hour USDJPY:

The USDJPY is approaching the 110 resistance level (psychological round number).

60 min USDJPY:

The strong trend has caused the wave 5 (blue) to be extended.