EUR/JPY DAILY Potential Fibonacci Setup.
A, B, C, D pattern showing where this market can fall to. Nearly 5 rejections of the 61.8% where the market has shown weakness around the 130.00 level. We could now be seeing a small retest of the MA’s before melting again.
Perfect entry would have been around 61.8% with tight stop loss of 25-30 pips above the 61.8% candle wicks.