EURJPY -- Monday, February 14, 2011
From the high near 116 on March 4, EURJPY has traced a 3 wave decline, with the C wave 1.618 times the length of the A wave.
As noted on Friday, the C wave was impulsive in nature, with a delta wave ending 2.618 times the size of the set up alpha-beta base.
The spike up in the Asian morning session topped out at a 61.8% retracement of the entire A - B - C move.
