Elliott wave analysis of EUR/JPY for October 11, 2017

Wave summary: The break above minor resistance at 132.77 indicates that wave B still is developing and likely will spike higher to 133.25 before tuning lower towards 130.52 and likely even closer to 128.85. A break below support at 132.64 will indicate that wave C lower towards at least 130.52 is developing. R3: 133.25 R2: […]