It has been a while since we have looked at EUR/JPY and for a good reason. EUR/JPY remains locked inside the triangle, that has dominated the picture since mid-December 2022. However, we are in the final stages of this triangle. EUR/JPY is likely to move lower towards 137.55 and the target area between 134.55 - 135.00 to complete the ongoing correction and set the stage for a new impulsive rally towards 170 as the next major target.
Relevance up to 06:00 2023-02-13 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.
