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Short

Elliot Impulse Wave (12345) Bearish next week.

FX:EURJPY   Euro / Japanese Yen
47 0 6
EURJPY             1 hour chart appears to be heading downward. Place a Fib. Ret on price action over chart. Price action has already starting going up from 1 to 2 area (which is around 113.500) area, with last price on chart at 113.014. I will be looking initially at bullish price action, until it going in between the 50% to 61% area, then turn around from 2-3.

Next week's long term basis will be bearish , but will be going on an up and down roller coaster ride during next week. Use major SUPPORT and RESISTANCE price action ZONES for turn around areas. Good Luck with trading. Catch long rides with trends which are a lot easily to do, then short & quick trading. It may be slow profit, but it is still profit.
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