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FX.co ★ Elliott wave analysis of EUR/JPY for June 23, 2021

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

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.

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Trading recommendation:

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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