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Monthly Wave Analysis for June, 2014 is done.

Possibly, descending correction 4 of (A) of ascending impulse (A) was completed in form of skewed triangle. If this assumption is correct, then later pair is expected to make final ascending movement inside wave 5 of (A).

Probably, ascending correction [4] may take the form of zigzag; price is completing its first “leg” (A) of [4] in the form of impulse.

USD JPY, “US Dollar vs Japanese Yen” One of the possible scenarios implies that pair is forming final descending diagonal triangle V of (a). Right now, price is forming its ascending correction [4] of V of (a), may be in the form of zigzag.

Possibly, pair finished diagonal triangle (v) of [c] of D of the second “leg” [c] of D of (4) of descending zigzag D of (4). If this assumption is confirmed, then later pair is expected to form final ascending zigzag E of (4).

Probably, right now price is completing ascending correction (4) of [C] in the form of skewed triangle, which may be followed by final descending movement inside zigzag (5) of [C].

USD CHF, “US Dollar vs Swiss Franc” Probably, Swiss Franc is finishing global descending trend in the form of triangle (a). Right now, pair is completing its zigzag [A]--[C] of V of (a) with diagonal triangle [C] of V of (a) as its second “leg”. It may be confirmed by the fact that internal wave structure of this diagonal triangle looks completely formed.

Probably, pair finished ascending zigzag D of (B ) and started forming final descending zigzag E of (B ). However, this assumption hasn’t been confirmed and price may yet change zigzag D of (B ).

Probably, ascending correction is taking the form of zigzag with skewed triangle ( of being completed inside it. If this assumption is correct, then pair finished (or is finishing right now) ascending zigzag D of (, which may be followed by final descending zigzag E of (.

GBP USD, “Great Britain Pound vs US Dollar” Probably, descending “leg” [A] of b of large zigzag b was completed, and at the moment pair is forming large ascending correction of b, which may also take the form of zigzag. Right now, price is completing descending correction ( of in the form of skewed triangle.