EURJPY : More Upside Could Follow

A lot of yen-crosses have tight correlation with USDJPY. On the chart below we are looking at 4h time frame of EURJPY which has a very clear wave structure; five waves up and now three waves down to 50-61.8% retracement area where pair may turn bullish again. We will pay attention to impulses from that region that can be interesting for long entries.

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