Elliott wave analysis of EUR/JPY for November 2, 2017

Wave summary: EUR/JPY is testing the lower part of the expected target-area for wave ii between 132.96 – 133.33 from where the next impulsive decline is expected towards 128.36 in wave iii. A break below support at 131.60 will confirm that wave (D) has completed and wave (E) is developing towards 123.43. To keep wave […]