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FX.co ★ Elliott wave analysis of EUR/JPY for April 4, 2022

Elliott wave analysis of EUR/JPY for April 4, 2022

Elliott wave analysis of EUR/JPY for April 4, 2022

EUR/JPY should continue to move higher towards resistance at 139.63 before a larger correction towards support in the 133.20 - 1344.20 area is expected. Longer term we are looking for much more upside progress towards 148.37 and possibly even higher, but for now we are looking for a little more upside towards 139.63 and then a correction towards 134.20.

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