@TradingAxis, Thanks for the comment and screenshot. It's interesting how we all break down our charts and carry out the analysis. Head and shoulders is a confluence I like to use - I just hadn't spotted the inverted H&S! Thank-you.
Great video!
We are of the same view for that retracement as well seeing how EURJPY touched the bottom many times!
Check our analysis and let us know what you think!
Donkukotona
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Good analysis, also looking for that, obviously there has to be retracement but I am just thinking whether there will be enough strenght to pass through 0.382 fibo as fundamentally wise I dont see EUR being competitive to JPY in foreeseable future. Your thoughs ?
Forex_Trading_HQ
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@Donkukotona, It's a possibility. I'll be watching closely for bearish reversals around every fib level. I do agree with you though that the JPY will be the stronger asset going forward due to the 'safe haven' mentality. We can only analyse and react to what the markets show us.
here is mine