EUR/JPY has reached its top of Pink zone (aka: wedge Breakout & Recovery Channel zone) and
stayed closing a little bit above the top on weekend. This will be a bullish Recovery sign, however
EUR/JPY looks like a recovery mode after wedge breakout & Major-4 declining consolidation from
145.68 to 134.13.
Therefore initial upward Recovery wave since 134.13 will be capped at symmetrical Line first.
My mid-term target: 149.66 ( I would say a symmetrical wedge target) will be on Jan. 22 2015.
Nikita FX (climbingfx.jugem.jp/ )
stayed closing a little bit above the top on weekend. This will be a bullish Recovery sign, however
EUR/JPY looks like a recovery mode after wedge breakout & Major-4 declining consolidation from
145.68 to 134.13.
Therefore initial upward Recovery wave since 134.13 will be capped at symmetrical Line first.
My mid-term target: 149.66 ( I would say a symmetrical wedge target) will be on Jan. 22 2015.
Nikita FX (climbingfx.jugem.jp/ )