eur-jpy-fxiTrend is bearish in 15 minutes chart of EUR/JPY currency pair. Important resistance is present at 133.17 price level. All those traders who followed my Elliott wave forecast and opened a sell trade made a right decision as price dropped, today. Based on Elliott wave principle, current decline is a bearish Wave A and now I expect price to turn sideways and probably move up a little bit to complete bullish Wave B. Next, I expect a top and drop in EUR/JPY currency pair.

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William K. Gilday is a professional Forex expert working full time for FX Instructor educational portal. William is a Forex Trader from 2006 when he started trading part-time. In 2008 he retired from a fantastic 27 year career in Fire Rescue and moved to Thailand, where he fully dedicated himself to trading. He is an analyst at FXinstructor.com

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One thought on “Down trend in EUR/JPY 15 Minutes chart”

  1. Dimitar Ivanov says:
    November 9, 2015 at 10:06 pm

    Thanks William.

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