Elliott Wave Analysis: EURJPY Trading Higher
EURJPY is off the recent lows and we are counting this as the bullish development with red waves 1) and 2) already completed. That being said we should be now in the beginning phase of the 3) wave up which also needs to subdivide in to five minor waves. Sub-wave 3 of three has more room to go and after its completion we should see black wave 4 retracing a portion of it to the 124.50/60 support levels.
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