Elliott wave analysis of EUR/JPY for May 7, 2014
Today’s Support and Resistance levels: R3: 142.09 (critical level) R2: 141.74 R1: 141.45 Current spot: 141.31 S1: 140.99 S2: 140.23 S3: 139.15 Technical summary: The downside pressure is surely mounting here, but we still need that vital break below vital support at 140.99 to release this downside pressure for real. A break below 140.99 should […]