EUR vs. YEN - Projection In The Next 2 Months - 4 August 2022

Long

Euro / Japanese Yen (OANDA:EURJPY)

OANDA:EURJPY Euro / Japanese Yen

trendanalysis chartpattern waveanalysis euro yen eurjpy mediumterm

EURJPY is in interesting positing. It is good moment for medium term accumulation. Yen in medium term will decrease. My expectations are for range and a choopy market in next 3 weeks and strong price will be formed once break the downside trendline.

- By Elliot Waves the price forming A-B-C correction
- In the end of C-5 corrective wave and hitting 50%
- Strong price action will be formed after breakout

If you have any questions related to this trading idea I will be happy to provide you with answers.

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