Elliott wave analysis of EUR/JPY for November 23, 2016

Wave summary: The 118.59 target remains in focus. After a minor correction, more upside towards 122 will be expected. Only a direct break below minor support at 117.36 indicates that red wave iii is already in place and red wave iv towards 116.62 is developing. The rally from 113.70 is loosing upside momentum and a […]