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    Elliott wave analysis of EUR/JPY for April 14 - 2015

    2015-04-14-EURJPY-4H.png

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    Technical summary:

    We can observe a correction in red wave iv, which could be some kind of triangle consolidation before the final decline closer to 125.98 to terminate wave C of the expanded flat correction, which has dominated the picture since late December 2013. After this decline in wave C is over, we should see a new impulsive rally to above 149.55.

    Trading recommendation:

    Now, wave (v) C is advanced so well that a bottom could be found at anytime. So, we will be looking for EUR buying opportunity around 125.98.

    Uitgevoerd door, Analytische expert
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