Daily Wave Analysis for 23 June 2014 2014.06.23
4 hour EURUSD
Price has both support (green) and resistance (red) levels nearby but the wave count andFibonacci levels suggest potential targets at higher levels.
60 min EURUSD
Despite my current bullish count, break outs to both direction (green and redarrows) if price breaks above the trend line (purple) or below support (magenta).
4 hour GBPUSD
Price is moving upwards in a neat channel (blue) but has paused recently at themulti-year high (red line).
60 min GBPUSD
It remains to been whether wave 5 has been completed at the recent top or whether the wavecount will have an extended 5th wave (red, but in the latterscenario breakouts to the upside are possible (green arrows).
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
Apotentially break out (green & red arrows) could occur if price breaksabove or below the triangle lines (orange).