Daily Wave Analysis for 30 June 2014 2014.06.30
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 min EURUSD:
The EURUSD is approaching resistance levels but break outs (green arrows) couldoccur if price breaks above them (magenta and red).
GBPUSD
4 hour GBPUSD:
It remains to be seen whether wave 5 has been completed at the recent top or whether thewave count will have an extended 5th wave (purple 12345 on 1 hourchart).
60 min GBPUSD:
Price could be making a wave 3 (purple) of wave 5 (blue) or a final wave 5 (blue). TheFibonacci levels are the potential targets upon a breakout (green arrows) aboveresistance (red).
USDJPY
4 hour USDJPY:
The break of price below support (magenta) could suggest that wave X (purple) will becompleted at lower levels.
60 min USDJPY:
Price is heading towards the Fibonacci levels after last week’s break.