EURJPY is turning down for the last two weeks what we believe it's going to be a corrective three wave move. We are tracking a zigzag pattern in wave 2 which can be in late stages, but there is still room for a drop down to 120.50 where support can be found this week, at lower Fib levels. We are waiting on a bounce in small five waves that can be very constructive for further bullish price action.
Take Your 1€ Trial Today And Get Similar Forecast Daily On 18 Markets at EW-Forecast.
By using www.ew-forecast.com website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.ew-forecast.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.