Elliott wave analysis of EUR/JPY for November 1, 2017

Wave summary: EUR/JPY has failed to break clearly below important support at 131.60, which tells us, that a larger correction into the 132.96 – 133.32 area is developing before renewed downside pressure should be expected. To confirm that wave (D) has completed, we still need a firm break below support at 131.60, that will confirm […]