Wave summary: EUR/JPY has rallied nicely and in a clear impulsive character indicating more upside pressure to come. That said, short-term we might need a deeper correction from 124.46 closer to the 123.17 – 123.45 area before the next impulsive upswing towards 125.82 and above. R3: 125.10 R2: 124.71 R1: 124.46 Pivot: 124.00 S1: 123.99 […]