Elliott wave analysis of EUR/JPY for November 17, 2016

Wave summary: After a backtest of the broken resistance line, that is now acting as support, a continuation higher to 118.60 is expected. A break above resistance at 117.49 will confirm the rally higher to 118.60 and possibly even higher to 122.00. Ideally support at 116.22 will continue to act as a floor for the […]