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.