EURJPY Analysis This analysis includes the monthly, weekly, daily and four hour charts.
On the monthly chart:
It has crossed a downtrend, which is the upper leg of a continuation triangle
It is currently heading to exceed 130.924, and in case it is exceeded, the purchasing objectives will be:
(131.605 - 132.254 - 133.825 - 135.270 - 137.128 - 138.208 - 140.421 - 144.175 - 147.612 - 154.486 - 160.882 - 167.590)
provided the area is not broken 129,300 - 127,531
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But if he breaks the area 129.300 - 127.531, he has two selling goals:
122.620 - 121.472
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My personal opinion: It is in a strong bullish trend and I am buying.
Note: I hope no one accuses me of insane, as this analysis is basically insane.
