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EURJPY Wave Analysis 26 March, 2021

EURJPY Wave Analysis 26 March, 2021

• EURJPY reversed from support level 128.4

• Likely to rise to resistance level 130.00

EURJPY recently reversed up from the support level 128.4 (former resistance from February) – intersecting with the lower daily Bollinger Band and 50% Fibonacci correction of the upward impulse from February.

The upward reversal from this support area started the active short-term impulse wave (b).

EURJPY is likely to rise further toward the next resistance level 130.00 (target price for the completion of the active minor correction (b)).

EURJPY Wave Analysis 26 March, 2021


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