GU Bear Flag, EU Triangle, and UJ Bull Flag 2015.11.12

EUR/USD

4 hour

The EUR/USD is in a wave 4 (brown) correction. The wave count is invalidated if price manages to break above the horizontal resistance (red).

1 hour

The EUR/USD is showing a contracting triangle formation (orange/green). A break below support could see price fall towards 1 of 2 Fibonacci targets. A break above the 50% Fib of wave 4 invalidates the current wave 4-5 (brown) development.

GBP/USD

4 hour

The GBP/USD retraced back to the 50% of the wave 4 (green). A break above the 50% Fib most likely changes the wave structure. A break above the 78.6% and bottom of wave 1 (red) invalidates the wave 4 (green).

1 hour

The GBP/USD is in a corrective phase which is best explained by a wave 4 structure (green). A break below support (green) could see price head lower to the wave 5 (green) Fibonacci targets.

USD/JPY

4 hour

The USD/JPY is most likely still in a wave 5 (green) of a wave A (blue) as price consolidates sideways (red).

1 hour

The USD/JPY is building a bull flag chart pattern (red lines), which is a typical correction for wave 4 (orange). A break below the 78.6% Fibonacci level invalidates the current wave structure.