Elliott wave analysis of EUR/JPY for October 5, 2017

Wave summary: EUR/JPY is being locked inside a narrow trading-range between 132.16 – 132.89, this range-trading should ultimately resolve itself towards the downside and a break below 132.16 for a continuation towards 130.37 and likely even lower and wave (E) starts to gather downside momentum. At this point, a short-term mini spike to just above […]