Elliott wave analysis of EUR/JPY for April 20, 2017

Wave summary: EUR/JPY has already broken above short-term important resistance at 116.55 and also the resistance line from 122.88 confirming that an important low was seen with the test of 114.82 and a new strong rally to above 122.88 and 124.09 should be expected in the coming weeks/months. Short term, a break below minor support […]