EUR/JPY Analysis


Let’s take a look at one of our favorite pairs – the EUR/JPY.

We saw a steady move up from early in the year and now we’re looking at a potential 3 wave retracement.

It does seem there is more potential downside pressure. Look for a potential price point 113.00 and below. If we see it break past that level, then look for a potential price point down to the 111.00 area.

Be sure to use your money management and appl your stops.

Good luck.