Elliott wave analysis of EUR/JPY for November 28, 2016

Wave summary: The expected correction from 120.16 is now unfolding. We have almost seen a test of the 23.6% corrective target at 118.64, but will likely to see a little more correction closer to 117.69 before the next impulsive rally towards 122.00 is expected. Short term, only a direct break above minor resistance at 120.00 […]