EURJPY and GBPJPY Both Completing Their Correction; More Weakness Ahead
|Hi traders,
EURJPY can see more weakness while pair trades below 128.47 level, as we see current bounce as fourth wave correction that already reached resistance level around 127.00, so new leg down can be coming soon.
EURJPY, 1h
GBPJPY can be just like EURJPY slowly turning to the downside, with a possibly completed three-wave rally within recent corrective wave iv. We see new intra-day drop from the 142.46 level that can be final wave v and can in hours ahead aim below the 140.32 bearish level and towards the 138.37 region.
GBPJPY, 1h
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