EURJPY
On the intraday chart of EURJPY, the pair is still pointing downwards with a current small triangle consolidation in progress. We expect lower levels after this triangle is over. Our target for the v wave which would be the last drop in this sequence is close to 124.30 levels.
EURJPY, 1H
Nikkei 225
Nikkei 225 is Japan stock index. As you see on the chart, the ABC corrective pullback should be over around 14.807 levels. By looking other correlative markets we think that this index might be headed for new highs since we see USDJPY up, USD INDEX up, stocks up and EUR down. All of these are in correlation which means they trade in tight synchronicity. On the smaller time frame we already see 5 waves up from the lows.
Nikkei, Daily
