Elliott wave analysis of EUR/JPY for November 18, 2016

Wave summary: We continue to look for a break above minor resistance at 117.49 to confirm more upside pressure towards 118.59 and 122.00 as the next upside targets. A clear break above 117.49 will also mean a clear break above the pitchfork mid-line and give us a 80% likelihood of a continuation higher to the […]