EUR/JPY Elliott Wave Analysis





The single currency found renewed buying interest at 132.05 last week and has rallied above indicated previous resistance at 134.50, confirming medium term upmove has resumed and may extend further gain to 135.00-10, then 135.50-60, however, near term overbought condition should prevent sharp move beyond 136.00-10 and price should falter below 136.90-00, the pair should falter well below