Elliott Wave Analysis: Intraday View On EURJPY

Gregor Horvat Wavetraders

EURJPY can be heading south, same as on GBPJPY, as we see three wave rally from August 16th with a triangle in the middle, which means that rally is corrective. We however need a decline back beneath wave D swing high to confirm a top in place. Only then we would be interested to look for shorts on pullback.

EURJPY, 1H

Author

Gregor Horvat

Wavetraders

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

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