TECHNICALFX

EURJPY Daily Projection

FX:EURJPY   Euro Fx/Japanese Yen
119 0 1
Projection that the BC             leg will be complete at Fib retracement level 38.2% and then the CD leg will drop to first target of -27.2 (124.767) This level is also a major S&R on the weekly and monthly TF, if rally continues which in my opinion it will due to it creating a symmetrical ABCD which will take us to target 2 which is -61.8 (117.965) and this is also a major S&R on weekly and monthly TF.
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