EURJPY Corrective Cycle Continues To Develop In Very Choppy Trading Conditions

The corrective cycle continues to develop in very choppy trading conditions. The intraday support has moved lower to the level of 122.66 and it might act as the bottom for the wave c (purple). The most important level is the weekly pivot at the level of 122.93 and intraday support at the level of 122.83. […]

EURJPY – corrective upward wave progression is about to complete

General overview for 23/11/2016:  The top of the wave Y (brown) of (b) (blue) has been moved to the level of 118.14 and the whole Elliott wave count has been updated. Currently, the market should start declining to the intraday support at the level of 117.48 because it hit the daily supply zone (marked as […]