EUR/JPY; Time To Rest Short

FX:EURJPY1D

Euro Fx/Japanese YenFXCM

Description

⋅ Jun 4, 2015 9:35 AM

This relentless rally is unsustainable. A pause is favored in this area.

Good luck,

Ali Sharifazadeh, CFTe

Comments

ishstar

⋅ Jun 4, 2015 5:42 PM

I would like to see a pullback rather than a pause, but I do agree

SharifAzadeh

⋅ Jun 4, 2015 6:22 PM

Yup. Since the decline was in clear 5 wave, I doubt that this rally was an A wave. I am beginning to believe that the BoJ will not be as dovish as market thinks in coming months.

Time will tell.