Daily Wave Analysis for 20 June 2014 2014.06.20

4 hour EURUSD: Price has broken above the resistance trend line (purple) and could be headed towards thewave C (purple) and wave Y (sea green) Fibonacci targets.

60 min EURUSD: A potentially break out (green and red arrows) could occur if price breaksabove the trend line (red) or below support (magenta).

4 hour GBPUSD: Yesterday price broke above the bull flag formation (purple lines) and is now movingtowards the wave (red) Fibonacci targets.

60 min GBPUSD: There is apotential breakout scenario (green arrows) but price is already quite close toits Fibonacci targets.

4 hour USDJPY: Price couldbe expanding the wave Y (green) by another WXY (black). The triangle formation(orange trend lines) are the lines in the sand for the moment.

60 min USDJPY: A potentially break out (green & red arrows) could occur if price breaksabove or below the triangle lines (orange).