EUR/JPY Possible initial target:130.80 (Nikita FX )
EUR/JPY is now forming ascending wedge and its possible initial target is 130.80
(might be able to reach at 131.00)
So Regression Channel already breakout, and Yellow Zone breakout: bullish recovery.
However after reaching wedge Top, EUR/JPY needs Fib.38.2% retracement as wave 4
which will aim down to Regression Channel bottom line (129.00).
Finally wave 5 is going to break everything....
Nikita FX (climbingfx.jugem.jp/ )
(might be able to reach at 131.00)
So Regression Channel already breakout, and Yellow Zone breakout: bullish recovery.
However after reaching wedge Top, EUR/JPY needs Fib.38.2% retracement as wave 4
which will aim down to Regression Channel bottom line (129.00).
Finally wave 5 is going to break everything....
Nikita FX (climbingfx.jugem.jp/ )
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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.
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.