EURJPY 21.Apr
EJ continued its downside move during the previous week and made another low @123.15. It could be a signal for the forming of wave 5.
On the smaller TFs is shown, that the latter downside move, that may form as the mentioned above wave 5, by now has only 3 parts of it. In order to prove it, price action should show another minimum (below 123 level). If EJ on the opposite side breaks 126 level, it’ll indicate the completing of a retracement pattern 3-3-3 and could lead us to the other mid-term peak (above 128).
Two charts are attached.
