I posted an EURJPY uptrend idea before. After reviewing the price action for the last few days, it seems like an ending diagonal is forming at around 132.8-133.2 area. If this is the case, EURJPY may enter wave (4)-yellow corrective wave, which can bring price down to 128.50. I prefer to see an impulsive drop before entering short so lets wait and see. A break of wave (3)-yellow trend line would be indicative for the drop has begin. After all, the uptrend is intact even after this possible correction.



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