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13.09.202106:08 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for September 13, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 13.09.2021 analysis

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.

Torben Melsted
Analytical expert of InstaForex
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