EUR/JPY Wave Analysis

19 พ.ย. 2015The price is moving in an uptrend channel. Wave 1 has been shaped. It is a strong wave following by a retracement move of wave 2. This retracement is expected to stop around 50% or 61.8% of Fibonacci levels. We can see a Zig-Zag pettern inside the wave 2. Level 4 is placing using Fibonacci extension.