Elliott wave analysis of EUR/JPY for May 15 – 2020

EUR/JPY corrected perfectly to the 61.8% target at 115.33 before going higher as expected. We will now be looking for a break above minor resistance at 116.38. A break above resistance at 116.86 will confirm that the next impulsive rally in wave iii/ is in motion to 119.34 and likely even closer to 121.16 on […]