November 12, 2014 09:11
4 hour EURUSD:
After completion of the wave 4 (blue), the EURUSD could be headed to lower Fibonacci targets for a wave 5 (blue).
60 min EURUSD:
Yesterday’s rise was unable to break through the resistance trend line (red) and could be part of a WXY (green) correction.
GBPUSD
4 hour GBPUSD:
The GBPUSD needs to accelerate below support (green trend lines) before it can confirm a wave 3 (blue).
60 min GBPUSD:
Yesterday’s rise at support (green) was part of a bigger wave Y (purple) correction.
USDJPY
4 hour USDJPY:
The USDJPY is in a strong bullish momentum with potentially two wave 3’s (blue and purple) ahead before wave 5 (red) is completed.
60 min USDJPY:
The smaller triangle (purple lines) is most likely part of a smaller wave 4 (blue).