Price has accelerated its bearish downtrend (orange channel) but is facing a major level (daily bottom (green)).
4 hour EURUSD:
The weekly support (green) at 1.31 and the divergence between the bottoms (blue line) could cause a temporary retracement to the upside. I think it is best to keep an eye on the bottom (green) and top of trend channel (orange) for further information.
60 min EURUSD:
The massive GU downtrend continues but now faces weekly support (green).
4 hour GBPUSD:
Yesterday’s anticipated breakout (seen in wave analysis 2nd September) indeed did occur and price has been falling nicely ever since.
60 min GBPUSD:
A shallow wave 4 (green) and a renewed bullish momentum (wave 5 green) seem to confirm the current impulsive 123 (blue).
4 hour USDJPY:
Price could make extensions within the wave 3 (dark blue).
60 min USDJPY:
Published On Wed, Sep 3 2014, 06:48 GMT