Elliott wave analysis of EUR/JPY for November 22, 2016

Wave summary: I’m still looking for a rally towards 118.59 and later 122.00 as the next major upside targets. In the short term, I expect minor support at 117.39 will be able to protect the downside for a break above minor resistance at 118.01 and push the price higher to 118.59. Once the 118.59 target […]