EUR/JPY is unfolding the scenario according to expectations. After a temporary recovery in wave B to 146.73, we saw a strong decline as wave C took over. The ideal target for wave C is seen at the origin of the ending diagonal near 133.00.
In the short term, we see resistance at 142.70. If broken, a retest of the former support line of the ending diagonal near 143.80 could be seen before renewed downside pressure towards the 133 target.
Relevance up to 07:00 2022-12-21 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
