My Analysis
EUR/JPY Elliott Wave Analysis
By actionfx
EUR/JPY – 132.77
EUR/JPY: Wave 2 correction from 139.26 has possibly ended at 126.95
The strong rebound from 127.32 has retained our preferred count that the triple threes wave 2 from 139.26 has possibly ended at 126.95 and indicated upside target at 131.00 has been met without much difficulty and price did break above indicated resistance [...]
Trade Idea: EUR/JPY – Buy at 130.80
By actionforex
Trade Idea: EUR/JPY – 132.25
Recent wave: wave 2 is unfolding as a triple threes and possibly ended at 126.95
Trend: Sideways
Original strategy :
Buy at 131.00, Target: 132.90, Stop: 130.35
New trading strategy:
Buy at 130.80, Target: 132.90, Stop: 130.15
As the single currency has eased after rising to 132.61, consolidation below there would be seen and whilst pullback [...]
