Quite a bull run, last week we hit the Point & figure (P&F) target of 443 set long ago.
The current run appears over-extended, being at the top of the channel set from the October 2022 low to present. Also, the RSI(9) on daily and RSI(12) on weekly (neither shown here) are overbought. The B to C run at 1.68 % extension also is showing some excess over the...
Sold EUR/JPY on market open at 125.999. Congratulations sellers!
Looking at the 4h charts we see a three drives to the top up to a 0.618 retracement, completing the Gartley.
I'll be looking for liquidity around the previous support.
Good luck to everyone trading EUR/JPY!
