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Short

EURJPY pending short after big event risk.

FX:EURJPY   Euro Fx/Japanese Yen
There hasn't been much trendy market in forex recently. After the Greece talk and FOMC today, I hope market will pick up consistent trend again. EURJPY             bounced from Apr low and has been trading towards the 0.618 retracement of the entire Euro             QE drop. At a bigger degree, I think a 5 wave rally had been finished at Dec             2014 high. and an impulsive 5 waver opens up a likely zig-zag correction to the down side. We are close to the end of the B wave right now. The B wave itself is also counted as a zigzag . We should wait for the event risk to settled and enter short to play the C wave.
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