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xlycon
May 16, 2015 2:06 AM

EURJPY MID-TERM TARGET Long

Euro Fx/Japanese YenFXCM

Description

Base on the correlation of two known studies, projected target of eurjpy is around 144.50.
- Theory about GAP, indicates that gap tends to get filled. No matter how long it will take. Sometime in the future it will always be filled.
- Measured move target is in correlation with the location of the gap.

The only factor missing in these two studies in time. Can't tell how long it will take to reach that target.
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