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Elliott wave analysis of EUR/JPY for September 13, 2021


EUR/JPY will likely see a little more corrective downside pressure to complete wave ii near 129.40 and set the stage for the next impulsive towards 134.12 and the ideal target for wave v of 5/ near 135.42.

Short-term a break above minor resistance at at 130.28 will indicate that wave ii has completed and wave iii higher towards 134.12 is in motion.

The material has been provided by InstaForex Company -