EURJPY-

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BUY

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POSSIBLE

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EURJPY

EURJPY-

GBPUSD

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GBPJPY

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In theory this is a very high probability outcome however as you know in trading its a *possible* outcome

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In the laws of supply and demand i believe possibly the fresh demand zone on the monthly chart is giving us a very good signal for a trend switch, as you can see the channel going down for the past years has been retracing down to this level, and has nicely wicked and shown some very nice rejection.

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Again it might, it also might not just a good probability trade at your own risk.

EURJPY-

Might do might not

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Hopefully will bounce off resistance

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Long

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SELL

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Just keeping it simple, could be wrong however with the recent bullish up-push I do believe there will be a impulse wave followed by a smallish correction.

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SO... we have hit very strong support/resistance going back to 2008 2010, swing high of a channel and wave 5 :D enjoy.

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Clear break of recent support now resistance, good shorting area and correlates with other gbp and jpy pairs.

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Easy trend setup just manage risk;)

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Easy set up wait for the confirmation. Elliot+trend

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Short