Elliott wave Analysis: EURJPY Out Of A Triangle and Towards 122.10/121.86 zone
Gregor Horvat of Elliott Wave Service - InsideFutures.com - Wed May 15, 8:22AM CDT

Hello traders,

EURJPY made a clear breach below the lower EW triangle line that was part of a corrective wave iv) of a bigger bearish impulse. We now see price unfolding a sharp price movement within wave v), which can look for support, and a minimal bullish reversal around the 122.10/121.86 zone.

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EURJPY, 1h

intra-day eurjpy