Elliott wave analysis of EUR/JPY for May 25, 2017

Wave summary: We continue to look for a minor correction closer to the 123.59 – 123.92 support-zone before the next impulsive rally higher towards 134.30 and 138.52 sets in. Short term, a break below minor support seen at 125.01 will confirm the expected minor correction is developing. R3: 127.30 R2: 125.82 R1: 125.57 Pivot: 125.01 […]