FX.co ★ 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.