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EUR/JPY Adam and Adam Pattern in Progress

Nenad Kerkez

EUR/JPY has formed a bullish Adam and Adam 1-2-3 pattern and we should see a continuation move to the upside. The pattern looks very similar to W pattern but it is more V-shaped, with two double legged bottoms. (1 and 3). Above 121.45 the price will target 121.54, 121.99 with a  potential towards 122.53.  ATR projection is 122.03 so that could be the intraday target.

The Analysis has been done with the CAMMACD.Core System

Many green pips,
Nenad Kerkez aka Tarantula FX

This article was originally posted on FX Empire

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