Bearish Elliot Wave (EW) currently in progress, with EW4 potentially forming a Bearish Divergence which may tag the 200 Moving Average before it's descent. Potential supply zone ALSO at 124.679. According the EW analysis the potential EW4 forming could find supply (resistance) at the end of EW1.
Alerts set at 124.679
Let's watch and wait
Bear Trader.
Kommentar
⋅
EURJPY turned higher than i expected. The thought is now, are we a simple pull back or change of trend?