EURJPY - Intraday - We look to Buy at 122.10 (stop at 121.65) The rally was sold and the dip bought resulting in little net change yesterday. A sequence of intraday lower lows and highs has been posted. Levels close to the 61.8% pullback…
Reverse trend line support comes in at 1.1158
Possibly forming a bullish reverse Head and Shoulders pattern. A break of 1.1460 would confirm the outlook.
. A break of 1.1436 and the measured move target is 1.1815 making this a solid risk/reward set up
Mixed trading. Can be seen in three-waves, common in corrective formations. An AB=CD formation would take the pair to 0.6970. The 61.8% pullback level is located at 0.6955. This could then form a bullish reverse Head and Shoulders pattern.…
We look for a bearish 5 wave Elliott wave count to be completed at 1.3668. Immediate price action to the upside has been mixed and volatile, common in corrective formations