We expected the EURJPY pair that it is now in wave (ii) of ((iii)), which corrected it as a flat wave, so we expect a drop to 70% of the length of the first wave, and then we expect a strong impulsive rise in wave (iii) of ((iii)) of 3.
29/08/2022
Euro prices are now trading against the Japanese Yen in a corrective pattern that represents the wave (ii) , whose critical limit for it is 133.392.
Also, the prices at 138.395 are considered a critical zone, if the prices rise above in impulsive wave, then the trend turns from corrective wave (ii) to the impulsive wave (iii).
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20/8/2022
The euro is preparing to rise against the Japanese yen after forming the 1 2 1 2 pattern, to go high in impulsive wave ((iii)) with the highest momentum. The first sign of this ascent is the breaking of the resistance represented by 144.277 . The critical limit to the negation of this bullish scenario is 132.657
03/09/2022
It is now trading within an ascending trend represented by the impulsive wave ((3)) that started after forming a pattern 1 2 1 2, which ended at 133.448. The critical limit that supports this ascension is 132.657.
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Comes closer to the weekly range, we are looking for a strong move higher in wave 3 of (C).
We are looking for a strong move higher in wave (C) of ((B)), the reasonable target for wave (C) comes at 180 (wave (C) = (A)), critical support at 124.391