EUR/JPY, two possible directions

Wave 5 on the upside or Wave C on the downside?

Watch the EUR/JPY price to see how it unfolds. For now, the price can retrace more up to the third red line marking the 152.210 price area.

The other option (less likely though, but still possible) is that we have a final Wave 5 on the upside and the price will probably surpass the price level of the previous Wave 3.

Disclaimer