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Elliot Wave for Eur/Jpy


It's been a while since i post here. Picture above is my prediction for coming trading session. Right now, all i see is a correction move and EJ will bee retesting support become resistant @ 129.5/130. Also nice pin bar @ monthty is reforming. With Euro fundamental is a bit sluggish & also last time Trichet spoke, he hint that ECB will decrease rate. I do not sure but i think market is position the price as we speak.

So, at this point, im scalping along the way to 129.5/130 with small position and ready to add some of my short position maybe next week if we see 129.5 reach. Target is already there @ 100% fibo expansion @ 121.83. By then, we'll see if what US done for now which is printing money all over & their bullshit coverup debt can make sentiment turn bullish again. I also noted that daily candle is a bullish sign for long term curenncy vs Jpy. We'll see in the next 3rd or 4th quarter if the bullish sign coming up.

That's all for now folks.