FWP Network > Forexhound.com > Analysis > Forex Analysis > Cross Rates > EURJPY Elliott Wave Analysis Update 6.29.2017

EURJPY Elliott Wave Analysis Update 6.29.2017

By () · June 29, 2017 · Comments Off on EURJPY Elliott Wave Analysis Update 6.29.2017
Cross Rates · Elliott Wave Theory, ElliottWave, EURJPY, Forex, JPY, Yen

Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as an impulse Elliott Wave structure with extension where Minute wave ((i)) ended at 124.46 and Minute wave ((ii)) ended at 123.62. Minute wave ((iii)) ended at 127.84 and Minute wave ((iv)) at 126.46. Up from there pair has broken above the wave ((iii)) peak suggesting the next leg higher in Minute wave ((v)) has started already and after a short term pullback in Minutte wave (ii) pair should see more upside. We don’t like selling the pair.

←
→