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Elliott wave analysis of EUR/JPY for June 23, 2021


There was only time for an absolutely minimum correction to the 23.6% corrective target at 131.19 before pushing higher towards the next temporary upside target at 133.64 on the way higher to the ideal wave 5/ target at 135.42.

We should expect some resistance near 132.54, but this too should only prove temporary as EUR/JPY pushes higher towards the ideal wave 5/ target to complete wave 3.

Trading recommendation:

Buy set-backs as wave 5/ pushes higher towards 135.42 where profit should be booked

The material has been provided by InstaForex Company -