Wave summary:
EUR/JPY has tested the 161.8% extension target at 129.93 and we expect a minor correction back towards 132.50 before the next downside pressure towards 125.60 occurs.
Only a breakout above resistance at 133.22 will question this count, but it will take a breakout above 134.75 to invalidate it altogether.
Trading recommendation:
We will buy EUR here at 130.08 and place our stop at 129.08.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/JPY for November 27 - 2015 . Thanks for your support.
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