However it is still doubtful whether it started Major-3 wave or not.....even though GBP/JPY
has not yet finished its 11 Swing Down (or USD/JPY looks like not finished its wave 5).
Therefore I would say Major-2 of EUR/JPY would have Big descending ABCDE waves.
It has just started Major-2-D which will reach Fib. 23.6% (126.27). WXY target is 126.65
Then Final Major-2-E will be heading for original target: 116--117.
So short term is LONG, and mid-term is SHORT
Nikita FX (http://climbingfx.jugem.jp/ )