EURJPY is trading in a bigger, three-wave reversal up from December of 2018 lows. We labelled a completed wave A/1, which can now be followed by a temporary three-wave a-b-c pullback labelled as wave B/2, with possible support zone here at the lower side of a corrective channel range around the 122.5/122.0 region, where Fibonacci ratios of 50.0 and 61.8 can slow bears down, and can react as turning point zones for wave C/3 up back above wave A/1 swing high.
EURJPY, Daily
