Elliott Wave Analysis: EUR/JPY Can See A Bearish Turn Around 133.04

 | Apr 16, 2018 10:55AM ET

EUR/JPY made a new intra-day rally today, which we think is final red wave v) as part of wave c of Y, which can see limited upside near the 133.04 level, and make a new reversal lower. That said, a drop in impulsive fashion and a break below the 131.77 level would confirm more weakness.

EUR/JPY, 1 hour