EUR/JPY Wave analysis
The counter is in a long-term bearish trend.
However, the short-term trend suggests a short-term sideways trend.
The range is defined in a bearish flag formation and it is the wave 4 of the bearish cycle.
We expect the pair to wither the sideways trend upon reaching the resistive trendline and restart its bearish trend.
However, the short-term trend suggests a short-term sideways trend.
The range is defined in a bearish flag formation and it is the wave 4 of the bearish cycle.
We expect the pair to wither the sideways trend upon reaching the resistive trendline and restart its bearish trend.
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