Daily Wave Analysis for 9 February 2015 2015.02.09

4 hour EURUSD: positive NFP figures sent the EURUSD lower on Friday but price was not able to break all of the support (green trend line).

60 min EURUSD: a break below support is required before a continuation of wave 3 (green) is probable.

GBPUSD

4 hour GBPUSD: the Cable stopped at a long-term resistance trend line (orange) and a bullish break makes the current wave count vulnerable to change.

60 min GBPUSD: a bearish break of the trend lines (green and blue) could indicate the completion of wave 4 (green).

USDJPY

4 hour USDJPY: NFP figures sent the USDJPY higher on Friday but price was not able to break all of the resistance (orange and red trend lines).

60 min USDJPY: the current wave count is showing a corrective pattern of wave X (purple) but a bullish break above resistance (red trend line) could change the wave structure.