Daily Wave Analysis for 27 November 2014 2014.11.27

4 hour EURUSD:

The invalidation level for the wave 2 (dark red) is the top / origin of wave 1 (dark red).

60 min EURUSD:
Price is in a short-term uptrend but approaching various resistance levels and is therefore at a decision spot: bounce at or break through the resistance.

GBPUSD

4 hour GBPUSD:

The invalidation level for the wave 4 (dark blue) is at the bottom of wave 1 (dark blue).

60 min GBPUSD:

Price is in a short-term uptrend but approaching various Fibonacci resistance levels and is therefore at a decision spot: bounce at or break through the resistance.

USDJPY

4 hour USDJPY:

The uptrend has been strong but could slow down with divergence present (purple line) and price getting closer to 120 resistance level.

60 min USDJPY:

The invalidation level of wave 4 (blue) is the top of wave 1 (blue) which is indicated by a horizontal trend line (purple).