At the weekly chart, we can see Euro started to gain momentum at August 2000. We can see clearly that EURJPY are currently on the 5th Wave Extension. It has one final wave (v) to complete the whole sequence of Wave [ I ] of the larger degree.
4 Hours Chart
At 4-Hours Chart, the pair look synchronized with the weekly one. Currently, the pair rests at 165.36 area. As we can see, EURJPY are currently in the 3rd Wave of the larger degree. We still don't know, whether the pair are ready for a short term retracement, or it will continue the journey to the north. If the retracement occurs, it will be easier for us to predict next target using Fibonacci analysis.*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.
THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.
Elite Bisnes Team
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