As soon as again is going over the june-high first TP 129,69, afterwards correction (tenkan/kijun as support in daily) and again rising ... to TP 130.99, this level could also remain as the quartals / year high (SMA 50 in monthly).
Look monthly: big picture ... this could be the wave 4 (within a triangle)....
For this scenario, there is only one condition: if there is no closing price - on the daily basis - over 132.34 (this year), then EURJPY will fall to form the wave 5 (all JPY-pairs too) ...
In that case, to the end of september (october) should be possible to reach the first TP down @ 120.94, but the wave 5 Should extend to 106.79 (next year)...
As soon as again is going over the june-high first TP 129,69, afterwards correction (tenkan/kijun as support in daily) and again rising ... to TP 130.99, this level could also remain as the quartals / year high (SMA 50 in monthly).
Look monthly: big picture ... this could be the wave 4 (within a triangle)....
For this scenario, there is only one condition: if there is no closing price - on the daily basis - over 132.34 (this year), then EURJPY will fall to form the wave 5 (all JPY-pairs too) ...
In that case, to the end of september (october) should be possible to reach the first TP down @ 120.94, but the wave 5 Should extend to 106.79 (next year)...