EUR/JPY Adam and Adam Pattern in Progress

Nenad Kerkez Top-XE

The EUR/JPY has made a Adam and Adam bullish pattern and the breakout should provide a continuation.

EUR/JPY has formed a bullish Adam and Adam 1-2-3 pattern and we should see a continuation move to the upside. The pattern looks very similar to W pattern but it is more V-shaped, with two double legged bottoms. (1 and 3). Above 121.45 the price will target 121.54, 121.99 with a potential towards 122.53. ATR projection is 122.03 so that could be the intraday target.

The analysis has been done with the CAMMACD.Core System.

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Author

Nenad Kerkez

Top-XE

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