EUR/JPY symmetrical wedge target:149.66 (Nikita FX )
EUR/JPY has reached its top of Pink zone (aka: wedge Breakout & Recovery Channel zone) and
stayed closing a little bit above the top on weekend. This will be a bullish Recovery sign, however
EUR/JPY looks like a recovery mode after wedge breakout & Major-4 declining consolidation from
145.68 to 134.13.
Therefore initial upward Recovery wave since 134.13 will be capped at symmetrical Line first.
My mid-term target: 149.66 ( I would say a symmetrical wedge target) will be on Jan. 22 2015.
Nikita FX (climbingfx.jugem.jp/ )
stayed closing a little bit above the top on weekend. This will be a bullish Recovery sign, however
EUR/JPY looks like a recovery mode after wedge breakout & Major-4 declining consolidation from
145.68 to 134.13.
Therefore initial upward Recovery wave since 134.13 will be capped at symmetrical Line first.
My mid-term target: 149.66 ( I would say a symmetrical wedge target) will be on Jan. 22 2015.
Nikita FX (climbingfx.jugem.jp/ )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.