FX.co ★ Elliott wave analysis of EUR/JPY for November 11, 2020

(you can see the long-term count by clicking here) really starts to gather upside momentum, but for now, we will look for a move closer to the 127.02 peak.

Support is now seen at 123.95 and then at 123.44.

R3: 125.72

R2: 125.00

R1: 124.65

Pivot: 124.13

S1: 123.95

S2: 123.44

S3: 123.23

Trading recommendation:

We are long EUR from 122.25 and we will raise our stop to 123.25