Elliott Wave Ananlysis of EUR/JPY for July 11, 2017

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Wave summary:

The expected rally higher towards 131.21 continues to unfold as expected. Once the target at 131.21 has been tested, it will be time to look for a correction towards at least 127.97 and possibly even closer to 125.82.

Trading recommendation:

Look for a EUR selling opportunity near 131.21

The material has been provided by InstaForex Company - www.instaforex.com