FX:EURJPY Euro Fx/Japanese Yen
EURJPY seems to be showing signs of an irregular correction, flat pattern where in our case black wave b exceeds the beginning of black wave a. That said, price is now turning down for a final leg labeled as a black wave c, that could reach the fibo. level of 50% of previous Red wave 1/A. After the correction in red wave 2/B is completed, EURJPY could reverse and continue to higher levels. We will be tracking this pair for potential longs next week.