EUR/JPY - Correction to 141.40 before higher to 146.15

EUR/JPY is correcting to 141.70 before higher to 146.15 

Red wave iii extended directly to the next target at 144.64 (the high for red wave iii came in at 144.22). We are now in red wave iv, which should correct lower to 141.70 before the next impulsive rally higher to 146.15 in red wave v and to end wave iii. 

Short term I expect minor resistance at 143.46 to protect the upside for a break below minor support at 142.83 to confirm the decline in red wave iv to 141.70. 

Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani