![EUR/USD: wave [ii] ended like a zigzag](/img/articles/4423/5jt_Nl7VKOdrGIRL_1280x600_q70v3.jpg)
USD/JPY: 'High Wave' led to consolidation
It's likely that after a short break the pair is going to achieve the next support level at 111.90...
EUR/USD: wave [ii] ended like a zigzag
There's a pullback from 1/8 MM Level, so wave [ii] may have been formed. So, we're likely going to have another upward price movement. The main target for wave [iii] is 6/8 MM Level.
Wave [ii] ended like a zigzag, so the price is rising. 2/8 MM Level has acted as support. In this case, we could have wave (i) in the coming hours and wave (ii) little later on.
Igor Tolstykh
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