Technical analysis
EURJPY Wave Analysis – 17 March, 2022
March 17, 2022 @ 20:41 +03:00
![EURJPY Wave Analysis – 17 March, 2022 EURJPY Wave Analysis – 17 March, 2022](https://fxpro.news/wp-content/uploads/2020/04/euro5.jpg)
• EURJPY broke key resistance level 130.00
• Likely to rise to resistance level 132.00
EURJPY recently broke the key resistance level 130.00, intersecting with the 61.8% Fibonacci correction of the downward impulse from February.
The breakout of the resistance level 130.00 accelerated the active short-term correction (ii).
EURJPY can be expected to rise further toward the next resistance level 132.00 (top of the previous correction (ii) from last month).
![](https://fxpro.news/wp-content/uploads/2022/03/eurjpy-primary-analysis-mar-17-1802-pm-1-day-1024x479.png)