24.02.202310:37 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for February 24, 2023

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EUR/JPY was rejected nicely after the throw-over failure and should continue lower in the days ahead. We are looking for wave C lower towards 134.10 to complete the corrective decline from 148.30 and set the stage for the next impulsive rally higher.

Short-term we expect minor resistance at 143.03 to be able to cap the upside for a continuation lower to strong support near 140.00 and ultimately a break below here too for the expected decline towards 134.10.

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