Elliott wave analysis of EUR/JPY for April 7, 2017

Wave summary: We continue to look for a final decline into the 116.83 – 116.99 area from where a new impulsive rally in wave (v) is expected. A break above minor resistance seen at 118.43 and, more importantly, a break above resistance at 118.80 will confirm that wave (iv) has completed and wave (v) to […]