EURJPY has been consolidating into a triangle pattern since the Financial Crisis. While short term there will be a final rise to complete wave e of B, later this year a new Financial Crisis will commence that will take Yen crosses down below the lows of 2012. It is inconceivable with the extended nature of the economic expansion and global stock markets (Nikkei and S&P in particular) that the coming rally in Yen crosses (probably triggered by coming unanticipated "good news" of China Trade negotiation progress) will be anything more than a final 5-wave rally to complete wave c of e of the triangle B.
Comment:
Check out short-term Elliot Wave counts just published after this post.
