EUR/JPY made a new intra-day rally today, which we think is final red wave v) as part of wave c of Y, which can see limited upside near the 133.04 level, and make a new reversal lower. That said, a drop in impulsive fashion and a break below the 131.77 level would confirm more weakness.
EUR/JPY, 1 hour
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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