Relevance up to 21:00 UTC–8
EUR/JPY is correcting in wave iii. It may lift to the 120.79 – 121.09 before tuning lower towards the ideal target-zone for wave v between 118.85 – 119.24. Wave iv will move slightly above resistance at 120.43 before tuning lower towards the expected target-zone from where a new impulsive rally is expected.
We are looking for a buying opportunity near 119.24
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Torben Melsted,
InstaForex Group © 2007-2020
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