Home arrow Forex Technical analysis arrow Eur/Jpy Short Term Decline Before the Rally?
Eur/Jpy Short Term Decline Before the Rally? PDF Print E-mail
EURJPY is making a minor abc correction of the August 2007-July 2008 rally. In both timeframes erratic price movement following what had appeared to be a completed w.1 or A suggests that price may make a new low before w.1 or A is complete. A retracement of 50-62% should follow.

Posted originally: Tue, 09 Sep 2008 07:34:03 +0100

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