nikitafx

EUR/JPY Big wave C with 11 Swing Down was completed (Nikita FX)

FX:EURJPY   Euro / Japanese Yen
540 0 3
EUR/JPY             completed its Big wave C (since 141.05) with 11 Swing Downward waves.
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 H&S target: 116--117.

So short term is LONG, and mid-term is SHORT

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