Elliott wave analysis of EUR/JPY for November 16, 2017

Wave summary: Wave ii most likely completed with the test of 133.89 and a new impulsive decline to below 131.60 is now expected. A firm break below support at 131.60 will confirm continuation lower to 128.36 and 123.43 in wave (E). Under this count resistance at 134.50 must cap the upside for a break below […]