EURJPY 2 routes

Waiting: Currently we are @ 117.87 in a possible 5th wave but also at the top of a range. Two scenarios: Bullish: a move to the R5 to complete the wave @ 119.10 area 2: Bearish: A break down here would set up a move first to the channel bottom @ 116.97 and then to the square up @ 116.10 The average daily true range (ATR) for the pair currently is 95 pips.

Posted to Introduction to Forex Targe… on May 26, 2020 — 8:05 AM

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Great weekly analysis, very useful and educational.
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