Daily Wave Analysis for 26 June 2014 2014.06.26

4 hour EURUSD:

Price remainsin a very tight range with both support (green) and resistance (red) levels nearbybut the wave count and Fibonacci levels suggest potential targets at higherlevels.

60 minEURUSD:

Price is using the trend line (magenta) as a support level. Break outs (green arrows)could occur if price breaks above the resistance line (red); whereas bounces(green arrow) could happen when price approaches support (magenta).

4 hour GBPUSD:

It remainsto be seen whether wave 5 has been completed at the recent top (currently wave1 purple) or whether the wave count will have an extended 5^th wave (purple12345 on 1 hour chart).

60 min GBPUSD:

Breakoutsto the upside are possible (green arrows) above the potential bull flag (orangelines). The invalidation level of the 5^th wave extension is thebottom (thick blue line).

4 hour USDJPY:

Price couldbe expanding the wave Y (green) by WXY (black) but the wave count could changeif price breaks below the lower trend line (magenta).

60 min USDJPY:

Apotentially break out (green & red arrows) could occur if price breaksabove or below the trend lines (orange).