EUR/JPY – Up trend in 4 hours chart

(Before It's News)

Trend is bullish in four hours chart. Critical support is present at 118.22 price level. Currently; the price of EUR/JPY currency pair has fallen and printed bearish Wave c leg. Bearish Elliott Wave c also completed X Wave. A good suggestion is to buy at market to ride and trade bullish Wave Y leg.

However; if market closes a bearish candlestick below 118.22 important support area then bullish trend will end. In such case, I will stop myself from trading and re-analyze the price chart of EUR/JPY currency pair.

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