EUR/JPY is about to make a Crucial Decision which would trigger the Last Bullish Leg towards Intermediate Wave 5 (blue), thus completing the ABC Corrective Cycle (capital green).
After completing an extended Intermediate Wave 3 (blue), EUR/JPY has almost finalized Intermediate Wave 4 (blue), which posed a Complex Expanding Triangle (see Minor Waves WXY ((red)).
119.700 & 119.00 represent Crucial Levels. If the Fibonacci Extension (red WXY measurement) 100% Levels are Breached, then EUR/JPY can complete the Bearish Cycle for Wave Y (red) and even reach 117.00 Levels (161.8% Fibs). However, if the 100% Fib Ext is not breached, then we are looking at a very possible Bullish Trend Continuation towards 126.500 Levels.
Key Levels:
119.70
119.00
117.00
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After completing an extended Intermediate Wave 3 (blue), EUR/JPY has almost finalized Intermediate Wave 4 (blue), which posed a Complex Expanding Triangle (see Minor Waves WXY ((red)).
119.700 & 119.00 represent Crucial Levels. If the Fibonacci Extension (red WXY measurement) 100% Levels are Breached, then EUR/JPY can complete the Bearish Cycle for Wave Y (red) and even reach 117.00 Levels (161.8% Fibs). However, if the 100% Fib Ext is not breached, then we are looking at a very possible Bullish Trend Continuation towards 126.500 Levels.
Key Levels:
119.70
119.00
117.00
lionheart-ewa.com
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Trade closed: target reached