Elliott Wave Analysis: Possible Triangle On EUR/JPY Could Point Lower

On the EUR/JPY chart, we see current sideways price action as a possible triangle and temporary consolidation before lower levels could be seen. After we break this triangle we expect to trace one more wave to the downside to complete red wave 3 at 120.00-20 levels.

EUR/JPY, 30 Min

EUR/JPY 30 Minute Chart

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