EURJPY the buy will come but not yet.
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A few weeks ago I updated EURJPY for the last time, it looks tempting to start looking for buy's but the reason why I wasn't posting is the fact that I miss a few variables that should indicate that the Impulse towards 150 is about to start. It still can turn bullish off course however I favor my long term analyses for now until proven otherwise. My targets are 120, 117 and maybe even 112.
Updates will follow
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
Updates will follow
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
Nota
Although the EURJPY moved higher in a steep angle the inner structure of this bullish move is still corrective. We need a leg higher to make this move a potential leading diagonal for more bullish price action to be next. If it breaks bearish however and consolidates (failed retest of the high) I will be selling this pair. The yellow box is the same as in the post above (only extended the box to the right)Nota
We saw the leg lower after my last update and because I see the previous leg as corrective I believe we are in an ABC consolidation with wave C about to start to test 123.2. Short term I will be looking to buy wave C higher. If it moves lower I let this pair go for now. Bigger picture is still the same.
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Penafian
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