Update: Elliott Wave Count EUR/JPY 2 hour
We should go this week to the 122.00 - 122.76 Area (Wave IV finish - blue colour count). This is a double abc correction (X-Wave) and the last zigzag upward correction of wave (iv - blue colour count).
After this move is a correction down to the 117.50/24 area (iv - red colour count). Ideal Target is the 38.2% Fibo (100.328 - 127.707).
Once the wave (iv- red colour count) is finished, i will go long @ 117.50/24 to the 130.00 area.
We should go this week to the 122.00 - 122.76 Area (Wave IV finish - blue colour count). This is a double abc correction (X-Wave) and the last zigzag upward correction of wave (iv - blue colour count).
After this move is a correction down to the 117.50/24 area (iv - red colour count). Ideal Target is the 38.2% Fibo (100.328 - 127.707).
Once the wave (iv- red colour count) is finished, i will go long @ 117.50/24 to the 130.00 area.