FX.co ★ Elliott wave analysis of EUR/JPY for April 11, 2022

EUR/JPY continues to point towards the 139.21 target where it will find strong resistance and we might see a temporary corrective decline. That said, a strong break directly above resistance at 139.21 will call for much more upside towards 148.37.

We see support at 134.35 that needs to protect the downside or more downside pressure will be expected towards 132.69.