The pair completed last down trend. and last fifth wave was ending diagonal. in monthly chart, fifth wave touch very critical support and did get bounce. bounce wave looks seem as trend. How long will keep bulls the eurgbp? In Monthly chart, eurgbp need gain another long term up trend. Maybe it did start.
the important point in uj moving is "where is 4 of trend five waves". maybe current move is last fifth wave. measured target is 111.70 - 118.10 area within few weeks. we will need look action in 111 or 118 area. if we dont get good reaction from this area, current moving is not motive. it will be more strong zigzag. in that case uj need go above 120.
it Looks to the pair is making triangle in 1.300-1.2880 now. it is important position by trend line in weekly chart. measured target by trend line is 1 : 1.2236 2 : 1.1822 euro's rate cute and strong usd is supporting for this move. if eurusd break current trend line in this week. it will start to downmove, not end of down.