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Cenotaph

EURJPY Buy, AB=CD break of channel

Long
Euro / Japanese Yen (FX:EURJPY)  
Cenotaph Updated   
FX:EURJPY   Euro / Japanese Yen
buy break waves LONG support
6
0
buy break waves long support
Support at Pivot holds, likely the up move from (5) means we'll get a break of the channel. AB=CD suggest a TP around R2 price level. Be aware of resistance levels in between, nothing is 100%

Good weekend!
Comment:
Looking for shorts here towards R1 monthly
Comment:
Reversals also forming on other JPY pairs; CADJPY, GBPJPY and USDJPY.
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