Elliott Wave Analysis On EURJPY And Crude OIL
EURJPY remains incomplete to the upside, as we are still missing fifth wave in c) to complete a corrective a)-b)-c) bounce from 112.05 lows. Ideally market will touch 114.50 before downtrend begins in a strong impulsive manner.
Crude oil is moving slow since market broke out yesterday, so it represents a typical minor consolidation within strong uptrend that may continue already today. We expect a fifth wave up to 48.00-48.50 where resistance can be seen for a short-term.
Crude OIL, 30Min