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EUR/JPY: 2 Routes

EUR/JPY: 2 Routes

EUR/JPY Waiting: Currently we are at 117.87 in a possible 5th wave but also at the top of a range. Two scenarios: Bullish: a move to the R5 to complete the wave at 119.10 area 2: Bearish: A break down here would set up a move first to the channel bottom at 116.97 and then to the square up at 116.10 The average daily true range (ATR) for the pair currently is 95 pips.

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