$/JPY – bullish triangle exit. NOK/SEK reaction peaked

EUR/USD: Even though a new low wasn’t printed yesterday the market at least closed at the lowest level since the turn. We still see the market moving down to a new low sub 1.3173, to either
1.3162, the ideal target for wave 3 or possible the theoretical target for the current hourly triangle, 1.3119. Once a new low is in place a wave four correction to 1.3237 likely to take place.