Elliott wave analysis of EUR/JPY for May 26, 2017

Wave summary: We continue to look for a corrective decline into the 123.78 – 124.17 area before the next impulsive rally towards 134.30 and 138.52 should be expected. Short-term resistance is now seen at 125.16 and again at 125.43, Only a break above the later will indicate that the correction is complete and more upside […]