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

analytics614436aa766cc.jpg

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

from RobotFX
- Need a custom expert advisor?
- Try the Complex Trader EA.

Share this:

Forward
Backward