FX:EURJPY Euro Fx/Japanese Yen
There hasn't been much trendy market in 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 of the entire Euro 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 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 . We should wait for the event risk to settled and enter short to play the C wave.