Price is pausing with the downtrend after it hit the bottom of the channel (blue).
4 hour EURUSD:
Price made a retracement to the 38.2% Fibonacci of wave 4 (light blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line.
60 min EURUSD:
The Awesome Oscillator has retraced back to the middle line (center), which indicates that a retracement could be completed in the near future.
4 hour GBPUSD:
Price could not break the 38.2 Fibonacci retracement so far of potential wave 4 (red). Break outs (red arrows) could be possible below support (green and blue) lines.
60 min GBPUSD:
Price is accelerating in an uptrend which could be part of wave 3 (light blue and dark blue).
4 hour USDJPY:
Price is moving upwards in a neat channel (blue and orange).
60 min USDJPY:
Published On Fri, Sep 12 2014, 06:41 GMT