Friday, April 17, 2015

EUR/JPY Elliott Wave Analysis

Despite falling to 126.09 earlier this week, lack of follow through selling and the subsequent rebound suggest consolidation above this level would be seen and upside risk has increased for retracement to 129.20-25 and later towards 130.00, having said that, 120.35-40 is likely to limit upside and euro should falter



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