nikitafx

USD/JPY & EUR/USD correlation term (Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
342 0 1
This combined chart of USD/JPY             & EUR/USD             shows correlation term ( E: Effective Term) and
dis-correlation term interval.
I think both currency pairs are still in a correlation term. Therefore if EUR/USD             will crash down,
USD/JPY             will also crash down.
In addition to that, USD/JPY             is having its own Fractal chart pattern between:
A--daily wave pattern since 105.44
B--4 hours candle wave pattern since 102.79 (Jun. 04)

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