EUR/JPY rising inside minor impulse wave 3

EUR/JPY rising inside minor impulse wave 3

  • EUR/JPY rising inside minor impulse wave 3
  • Next buy target - 79.00

EUR/JPY continues to rise inside the sharp minor impulse wave 3 – which previous broke through the resistance level 126.80 (previous buy target). The breakout of this price level was followed by the breakout of the 3 consecutive Fibonacci retracement levels of the previous sharp ABC correction 2 from July (38.2%, 50% and 61.8%). EUR/JPY is expected to rise further toward the next buy target at the next resistance level 130.00.


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