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ew-forecast

EURJPY: More Weakness Could Be In Store

Short
Euro / Japanese Yen (FX:EURJPY)  
ew-forecast  
FX:EURJPY   Euro / Japanese Yen
EURJPY Elliott Wave correction impulsive
18
4
eurjpy elliottwaves correction impulsive
We think that a three wave move from Mar lows on EURJPY chart seems to be completed, as price made a recent reversal from the highs where wave C-circled is labeled, towards 126 area, possibly suggesting bearish view in play. That said blue wave 1 seems to be unfolding, now already midway through it’s completion.

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