EUR/JPY WEDGE FORMING ON 4H CHART (Swing)

Euro Fx/Japanese YenFXCM

Description

⋅ Jan 10, 2017 10:41 PM

Looking at the 4H time frame we have what looks like a symmetrical wedge forming.

If it breaks to the downside I am expecting a drop to the 118.25 level, if it breaks to the upside I am expecting it to hit the 126.20 area.