EUR/JPY falling inside intermediate impulse wave (3)

EUR/JPY falling inside intermediate impulse wave (3)

  • EUR/JPY falling inside intermediate impulse wave (3)
  • Next sell targets - 129.30 and 128.00

EUR/JPY continues to fall inside the intermediate impulse wave (3), which started earlier from the resistance area lying between the pivotal resistance level 132.00 (which stopped the previous waves A and (2), as can be seen below) and the upper daily Bollinger Band. EUR/JPY is expected to fall further toward the next sell target at next support level 129.30 (low of wave 1) – followed by 128.00.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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