Март 04, 2014 07:56
EURUSD
The EURUSD is building on a mild uptrend channel (dark blue) but is close to long=term resistance as well (orange dotted and red lines).
4 hour chart EURUSD:
A break above the resistance (magenta) could translate into a break out potential (green arrow).
60 min chart EURUSD:
GBPUSD
If price breaks out of the uptrend channel (blue), then the wave count will be changed.
4 hour chart GBPUSD:
A break out scenario (green + red arrows) might take place above resistances (magenta + purple) or below support (purple).
60 min chart GBPUSD:
USDJPY
The invalidation level of the bullish wave 3, 4, 5 (blue) wave count is at 99 (thick brown line).
4 hour chart USDJPY:
60 min chart USDJPY: