Elliott Wave Analysis: EUR/JPY In A Temporary Correction
Gregor Horvat | Jul 17, 2017 10:16AM ET
EUR/JPY can be trading in the middle of a three wave correction, after the previous five wave decline found a base near the 128.40 region. Current sideways correction can now be an A-B-C in the making, with price trading at the start of wave C. Ideally wave C will search for resistance around the Fibonacci ratio of 50/61.8, from where a new reversal lower may take place.
EUR/JPY, 1H
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