EURJPY buy

Although my longer term view hasn't changed yet, short term I will be looking for at least a third leg higher for the EURJPY.
We currently see an impulse higher and I'll be waiting for a consolidation and THEN look for a buy continuation trade.

updates will follow.

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评论:

This pair is making a bearish move but where the previous one just after my original post was clearly corrective we now see a more complex move.I will follow this pair on lower time frames to see whether we should expect another leg lower or not. It is very well possible that this consolidation will take some more time since it can be a larger degree like a wave 'B or 2' after a wave 'A or 1'.
updates will follow