Elliott wave analysis of EUR/JPY for November 16, 2016

Wave summary: We have finally seen the expected break above important resistance at 116.28 calling for more upside towards 118.60 and 122.00 as the next upside targets. Short term, support is now seen at 116.79 and again near 116.28. A break below former important resistance, which now acts as support, will be confusing, but only […]