Elliott Wave Analysis: EURJPY Could Be Already Experiencing Some Nice Reversals

Gregor Horvat Wavetraders

We know that JPY is moving higher across the board for the last few weeks, but when this stops I want to look for opportunities on some yen crosses. EURJPY can be one of them as decline from the last couple of months looks corrective, which in fact can be bottoming. Rise above 119.49 would be an indication of a bullish turn.

EURJPY, 1h

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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