Elliott wave analysis of EUR/JPY for February 21, 2018

Wave Summary: EUR/JPY is finally moving higher towards the expected target area between 134.73 – 135.36 from where a new strong decline towards 129.30 and 127.52 should be seen on the way towards the ideal (E) target at 123.43. R3: 134.18 R2: 133.79 R1: 133.34 Pivot: 132.85 S1: 132.60 S2: 132.38 S3: 132.07 Trading recommendation: […]