A five wave pattern on a 1 hourly chart shows that there would be a partial reversal of price movement, taking the parity to possibly 125 before a primary wave move up. This would constitute to wave B of the primary wave corrective pattern.
For detailed fundamental analysis you may review technical-forex.com/eurjpy-outlook-16-23-march-2015/
For detailed fundamental analysis you may review technical-forex.com/eurjpy-outlook-16-23-march-2015/
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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.