TomProTrader
Short

EURJPY. Something is changing in the air

FX:EURJPY   Euro / Japanese Yen
229 3 3
Somethings changing in the air for the EURJPY             . We had 2 moves within this uptrend which confirmed to the red support line. In the first 2 blue boxes as drawn we have harmonic movements The first 2 moves did indeed hit their 2.00 extension while the third box has failed to make advances and it looks as though trend exhaustion is imminent.

As it currently stands the resistance line is still valid. We have a rising wedge forming, I have drawn a line in the middle of the wedge which appears to be showing some sideway resista