Elliott wave analysis of EUR/JPY for July 31, 2020

EUR/JPY is ready to break above minor resistance at 124.29 which will call for a continuation higher towards 125.82 and 127.38 on the way towards the next upside target at 129.26. We need to be aware that a failure to break above resistance at 124.29 will lead to a prolonged corrective phase and a retest […]