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AndyM
Jul 19, 2018 6:51 AM

EURJPY decline should resume. Short

Euro Fx/Japanese YenFXCM

Description

Looks like all big moves do indeed start together.
Comments
yansy84
EURJPY Should start to continue wave 3 ?
yansy84
any update for this pairs?
AndyM
yansy84
@AndyM, Thanks
gerFX
actually it seems that all the pairs Xusd or usdY are first correcting (to gain momentum i guess). using sandard calculations of equilibrium like you do on eurgbp, we see that eurusd=1.185, usdcad=1.1265, eurjpy=127 etc ... are the equilibrium attracting points. the most ineresting part is again the behavior of the main usdjpy that could be the only one to make a one directional move usdjpy down right now with all the others who are correction but when eur, gbp, cad, chf etc ... will reach their temporary max they will reverse but not jpy, all the paths and target point scalculated under this hypothesis are mathematially coherent.
but it means to accept temporarily to see as an example usdcad going back to 1.26/1.27 and usdchf to 0.96.
otherwise it will be a falling knife or skyrocket to easy to catch for everybody, market must bring some cumbersome move to trick people
yansy84
Waiting for the big drop
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