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29.04.202206:49 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for April 29, 2022

Exchange Rates 29.04.2022 analysis

The expected correction from the 140.00 peak is unfolding nicely and we should soon see renewed downside force being added for a re-test of minor support at 134.78 and once this support breaks a continuation towards our minimum-target at 132.65 and more likely a continuation towards 130.22 and 127.20 as the next supports.

So continue to look for more downside pressure near-term.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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