PRO_Indicators

EURJPY / D1 : this market may seek for a more complex correction

FX:EURJPY   Euro / Japanese Yen
looking at the weekly context, supports seem to be at lower prices on this pair, and the recent bullish sinewave pattern (not confirmed by momentum) may just be a trap for greedy bulls. This may be the sign of a range inside the bearish correction of this pair. Leading me to believe that we may expect some bearishness soon enough. I'm searching for signals to confirm this in this daily timeframe chart. Momentum is already saying OK, just need sinewave to confirm by a red triangle and I'll restore the leveraged positions on this market.

Hope this idea will inspire some of you !
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Kindly,
Phil

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