traderWgun

This decline looks corrective

Long
FX:EURJPY   Euro / Japanese Yen
4
Everyone is getting superbearish on equities and yen-pairs.
It's important not to get carried away.

ATM there is no bullish signs in meintioned markets,
but the decline so far looks corrective in a WXY (or possible WXYZ) formation.
I will look for buy signals near 138.40-136-70 in this pair.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.