these 2 pairs are worth the short today. they have fallen the most since 3pm and should be shorted if there is any rebound. they have also reached my tgt of 103.8x for eurjpy and 127.8 for gbpjpy.
recommended short is 30 pips from todays top
update1:
the wave structure suggest the yen pairs might take another run for the day high before dropping.
Good Luck!
update2:
yen pairs are always very volatile. looks like my short was way too early as both eurjpy and gbpjpy had only a abc correction before trying to go higher again but i am sure their top is close by. short targets changed to
eurjpy:104.1 to 104.25
gbpjpy:128.35
if you have experience with elliot wave, the abc correction would have prevented you from shorting and wait to short higher! never mess with the waves! :)
update3:
i believe the gbpjpy has topped and should commence a correction lasting at least 1 day. for confirmation of this it has to break its day low at 127.36
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