Daily Wave Analysis for 8 July 2014 2014.07.08
Юли 08, 2014 08:22
4 hour EURUSD:
Whether the potential ABC (magenta) to complete wave X (blue) has been completed remains tobe seen in today’s price action.
60 min EURUSD:
The EURUSD could potentially break out (greenand red arrows) if price breaks above resistance trend lines (brown and orange)or below support (Fib level).
GBPUSD
4 hour GBPUSD:
Price is in a potential 5th wave with a typical presence of divergence.
60 min GBPUSD:
A potential breakout (green arrows) could occur for a 5th wave (brown) up to theFibonacci targets (100% / 161.8%).
USDJPY
4 hour USDJPY:
The current wave count is showing the potential for a move up towards the waves Y (blue,green).
60 min USDJPY:
Price could be completing a wave WXY (purple).