EURJPY Chart Technical Outlook correlation suggests limited buying
The single currency baskets suggest selling EUR and buying JPY. This suggests selling into EUR/JPY rallies.
EUR/JPY – completed a bearish Elliott wave count at 153.16 (5 waves). We are now assessed as being within the correction leg to the upside. We have channel resistance located at 158.95. We have bespoke resistance located at 158.54 and 158.82.
