Elliott wave analysis of EUR/JPY for August 12, 2020

EUR/JPY rallied to test short-term resistance at 125.43 but failed to break thought that level. It is likely to set for a second leg lower towards 124.00. Because of the larger than expected rally to 125.50, the second leg may hit 123.78 before the next impulsive rally through the former peak at 125.59 towards 127.23 […]