EUR/JPY H4 Update

I have changed the labeling one degree higher and that means we will see one more high to complete wave (v).

Right now price is working on ending diagonal wave 5 of (iii) and if I'm right we might have a temporary top.

Pleas enotice the lack of mommentum and MACD Bearish Divergence. There is a double top on RSI(14) indicator as well.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurjpy-h4-update_21.html