EURJPY Elliot Wave 5TH Wave Completion

FX:EURJPY   Euro / Japanese Yen
EURJPY is currently completing its 4th wave correction pattern on the daily time frame. We know that in order for a 5th wave completion that wave 4 cannot break the highs of wave 1. The 0.382 Fibonacci retracement level is now in confluence with the highs of wave 1 at the 130.00 level. Will we see price hold this level before completing Elliot Wave 5 or will we break this level and trade lower ?


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