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    Elliott wave analysis of EUR/JPY for March 16 - 2015

    2015-03-16-EURJPY-4H.png

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    Technical summary:The expected decline towards the ideal target at 125.98 continues to unfold. Short-term support is found at 126.51 in a minor reaction to 128.32 before going lower to 125.98. As we approach the ideal downside target 125.98, we should begin to look for signs of a bottom.Trading recommendation:We are short EUR from 133.90 and have lower our stop to 129.10 with take profit at 126.25.
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