EURJPY Elliot Wave 5th Wave completion

12 ביולי 2018

EURJPY is in an ascending monthly channel and has been in a descending correction channel over the past few weeks. Price has broken out of the correction channel showing an Elliot wave 123 pattern finding resistance around 131.70 level. Will we see EURJP correction wave 4 finding support around 130.00 level before a 5th wave completion ? Or will we keep trading higher ??