nelsyboy

EUR/JPY Possible Path

Long
FX:EURJPY   Euro / Japanese Yen
With the momentum indicator slowing but still positive and a large gap between the 15 SMA and 5 EMA lines as well as the MACD lines, there is still bullishness in this pair. That's why I think this mini Elliott Wave pattern might come true. If all comes to fruition, a BUY at the end of wave 4 would be the trade to look for.
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