To all EURJPY traders, please kindly look at weekly and monthly.
You have to understand the trend is bullish.
Japanese government has a target of 2% inflation.
Which will weaken the JPY more further.
We have more room left in the pipe-line for most of the JPY pairs to move good levels to the upside.
We may always see a 200-400 PIPS correction, and than a push up of 700-800 PIPS than correction..
As well the EMA's, RSI, MACD do also adjust accordingly.
You have to understand the trend is bullish.
Japanese government has a target of 2% inflation.
Which will weaken the JPY more further.
We have more room left in the pipe-line for most of the JPY pairs to move good levels to the upside.
We may always see a 200-400 PIPS correction, and than a push up of 700-800 PIPS than correction..
As well the EMA's, RSI, MACD do also adjust accordingly.
Classical chart patterns of currencies from 15+ Year Pro Trader