EURJPY Wave Analysis – 5 October, 2022

• EURJPY reversed from resistance level 144.00

• Likely to fall to support level 142.00

EURJPY currency pair recently reversed down from the key resistance level 144.00 (which has been reversing the price from the start of June).

The downward reversal from the resistance level 144.00 stopped the earlier short-term impulse wave 3. Given the strength of the resistance level 144.00, EURJPY currency pair can be expected to fall further toward the next support level 142.00.