EUR/JPY has successfully done with its breakout through Regression Channel (Green Zone ) again. According to my initial wedge Top target, it will go to 130.80, However it will plunge again down into the lower wedge bottom line if Regression upper line & Yellow Zone upper line cannot be supportive.
Since 126.08, initial wave 5 (Major-3-(1)) has already been done. Therefore Major-3-(2) goes to 128.87--129.10 area. And Major-3-(3) will climb up to at least 129.10 + (130.62-126.08) x Fib.261.8%=140.99
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.