EUR/JPY Is Looking Lower

 | Jun 22, 2016 09:37AM ET

On EUR/JPY we still may see a decline into wave 5 to complete a five wave structure in wave C from 124.11. At the moment there is slow price action, but a break beneath 116.93 may finally open the door for 115.00 while price trades beneath 120.84 invalidation level.

EUR/JPY, 4H