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    Elliott wave analysis of EUR/JPY for February 17 - 2015


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    Technical summary:

    The correction from 130.14 just became even more complex, as a triple zig-zag combination is unfolding. The upper target remains the same at 137.65. At this point, only a direct break below support at 133.64 and more importantly a break below 132.52 will tell us, that the correction in wave (iv) ended early and wave (v) lower to 125.98 is already unfolding.

    Trading recommendation:

    We are still looking for a EUR-selling opportunity at 137.55

    Uitgevoerd door, Analytische expert
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