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EUR/JPY Possible initial target:130.80 (Nikita FX )

Long
Euro / Japanese Yen (FX:EURJPY)  
nikitafx  
FX:EURJPY   Euro / Japanese Yen
1
0
EUR/JPY is now forming ascending wedge and its possible initial target is 130.80
(might be able to reach at 131.00)
So Regression Channel already breakout, and Yellow Zone breakout: bullish recovery.
However after reaching wedge Top, EUR/JPY needs Fib.38.2% retracement as wave 4
which will aim down to Regression Channel bottom line (129.00).

Finally wave 5 is going to break everything....

Nikita FX (climbingfx.jugem.jp/ )
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