EUR/JPY Daily
I am more inclined the trend goes as USD/JPY with 2 next possible targets on the daily 122.37, 122.90 and 1 on the weekly 123.80. More targets on the upside.
It doesn't close the probability of downward correction target of 118.08 with deliberate panic sell-off as we have seen last week for EUR/USD and EUR/JPY (-640 pips).
No Fibonacci, couldn't find confluence area or respected since Oct 2012 so I gave up
I am more inclined the trend goes as USD/JPY with 2 next possible targets on the daily 122.37, 122.90 and 1 on the weekly 123.80. More targets on the upside.
It doesn't close the probability of downward correction target of 118.08 with deliberate panic sell-off as we have seen last week for EUR/USD and EUR/JPY (-640 pips).
No Fibonacci, couldn't find confluence area or respected since Oct 2012 so I gave up