Daily Wave Analysis for 9 September 2014 2014.09.09

4 hour EURUSD:

Price is extending towards the wave 3 (orange) targets; the next could be the 200%level.

60 min EURUSD:

Yesterday’s potential bearish breakout indeed occurred and price is now falling towards Fibonacci targets.

GBPUSD

4 hour GBPUSD:

With the most recent fall becoming the most impulsive part (strong AO) of the downtrend,the trend could become extended and the wave count is therefore showing this part as a wave 3 (magenta).

60 min GBPUSD:

Besides the Fibonacci targets and bottom (green), the 1.60 round number can also act as a potential support level.

USDJPY

Price has managed to break above the monthly top (dark red line) of 105.50 and a bigger weekly/monthly bullish breakout is taking place.

4 hour USDJPY:

60 min USDJPY:

Price is accelerating towards the wave 3 (blue) Fibonacci targets.