USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
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.
Dmitry Chernovolov
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