Technical analysis
EURJPY Wave Analysis 26 March, 2021
March 26, 2021 @ 14:30 +03:00
![EURJPY Wave Analysis 26 March, 2021 EURJPY Wave Analysis 26 March, 2021](https://fxpro.news/wp-content/uploads/2020/04/yen-1.jpg)
• EURJPY reversed from support level 128.4
• Likely to rise to resistance level 130.00
EURJPY recently reversed up from the support level 128.4 (former resistance from February) – intersecting with the lower daily Bollinger Band and 50% Fibonacci correction of the upward impulse from February.
The upward reversal from this support area started the active short-term impulse wave (b).
EURJPY is likely to rise further toward the next resistance level 130.00 (target price for the completion of the active minor correction (b)).
![](https://fxpro.news/wp-content/uploads/2021/03/eurjpy-primary-analysis-mar-26-1250-pm-1-day-1024x479.png)