Elliott wave analysis of EUR/JPY for May 29, 2017

Wave summary: The corrective decline from 125.81 has now entered the 123.78 – 124.17 area to complete wave ii. That said, we will need a break above minor resistance seen at 124.66 and more importantly a break above 125.06 confirming that wave iii higher towards 134.25 is developing. As long as minor resistance at 124.66 […]