Price is extending towards the wave 3 (orange) targets; the next could be the 200% level.
4 hour EURUSD:
Yesterday’s potential bearish breakout indeed occurred and price is now falling towards Fibonacci targets.
60 min EURUSD:
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).
4 hour GBPUSD:
Besides the Fibonacci targets and bottom (green), the 1.60 round number can also act as a potential support level.
60 min GBPUSD:
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:
Price is accelerating towards the wave 3 (blue) Fibonacci targets.
60 min USDJPY:
Published On Tue, Sep 9 2014, 06:28 GMT