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Wettergreen

EUR/JPY

Long
Euro / Japanese Yen (OANDA:EURJPY)  
Wettergreen Updated   
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Wave Analysis Beyond Technical Analysis
2
0
trendanalysis waveanalysis beyondta
Japan will keep printing.

So it will lose to the stronger EURO.

A Higher Low is achieved and the trend is UP.
Comment:
Up 2.5%. That's good.

Long term trend is UP but I see the potential of an ABC correction taking us to 0.618.

The 55- crossing the 200 EMA to the upside is encouraging - but as I point out it can re-cross to the downside.

Taking profits at this point can be smart.

A re-entry if price pushes past the local high can be a considered low-risk strategy.

snapshot
Comment:
First target hit.
Comment:
Boom - perfect
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