Elliott wave analysis of EUR/JPY for September 17, 2021


The correction in wave ii dipped to the 78.6% corrective target before turning higher. We continue to look for more upside through resistance at 130.56 to confirm wave iii higher towards 134.24 and ultimately a continuation higher to the 135.42 target.

Short-term, we should see a temporary set-back to 129.05 and then renewed upside pressure towards short-term key-resistance at 130.56.

It will take an unexpected break below 127.93 to call for a revision of our bullish outlook.

The material has been provided by InstaForex Company - www.instaforex.com

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