EUR/JPY keeps pushing higher towards the expected wave A target at 123.21, from where a corrective decline in wave B towards at least 120.00 is expected. The corrective decline in wave B can push lower towards 119.01, but time will show.
Keep looking higher for a test of 123.21 against minor support at 122.31, as a break below this minor support will indicate that wave A is complete and wave B is taking over.
We will sell EUR at 123.00 or upon a break below 122.31.
The material has been provided by InstaForex Company – www.instaforex.com