Elliott wave analysis of EUR/JPY for November 21, 2016

EUR/JPY – Daily EUR/JPY – 8 Hourly Wave summary: We have finally seen the expected break above 117.49 confirming more upside towards 118.59 at the next target. Later, more upside towards 122.00 is expected. Short-term, we should ideally see the former resistance at 117.49 should ideally protect the downside for the continuation higher to 118.59. […]