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Therealsmaira

EURJPY: Undecided Yet !

Short
Euro / Japanese Yen (OANDA:EURJPY)  
Therealsmaira  
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Wave Analysis EURJPY wave ABC awave bwave cwave correction validated invalidated
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trendanalysis waveanalysis eurjpy wave abc awave bwave cwave correction validated invalidated
On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:

1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.

2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and thus the price would break the down trendline and when the price reaches the support have a new Long position there.

Until then, Trade Safe and Best of Luck !
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