Daily Wave Analysis for 3 November 2014 2014.11.03

4 hour EURUSD:

The EURUSD break of the 1.25 bottom increases the odds of price falling towards the Fibonacci targets of wave 3 (purple) and wave 5 (orange).

60 min EURUSD:

Within the wave 3 (purple) price could be extending the wave count with a 5 wave (blue) to complete wave 1 (mangenta).

GBPUSD

4 hour GBPUSD:

The confirmation of a wave 4 (red) completion at the recent top increases when price is able to break the support level (green).

60 min GBPUSD:

The price consolidation between the trend lines (orange) is typical for a wave 4 (purple).

USDJPY

4 hour USDJPY:

The USDJPY uptrend heavily accelerated above the resistance top (red line) last week, which is typical for a wave 3 (purple).

60 min USDJPY:

The wave 3 (purple) is being extended with another 5 wave (green and light blue).