EUR/JPY: weekly wave analysis
Weekly. The market keeps on building a deep corrective wave [b], that is a simple zigzag. Let's see the first leg (a) of the zigzag [b] in details.
Daily. The price keeps on declining in an impulse (a), that is now coming to an end. After that a new bullish correction (b) will be built.
H4. Bullish correction (4) is over. On the last part we see the beginning of the new bearish wave (5). On the new wek the pair is expected to decline.