meszaros

EURJPY short...

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY short. We expect further fall in EURJPY. The fall started from a strong correction level. We expect this level to be back-tested. The current euro weakening is expected to reach 125,102 levels. Then, by pulling off the orange-yellow wave axis, you can test the strong 130,597 correction axes. Again, we expect the euro exchange rate to weaken, according to our strategy the exchange rate reaches our target price of 121,839.

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