EURJPY Wave Analysis – 14 October, 2021

• EURJPY broke key resistance level 130.50

• Likely to reach resistance level 132.50

EURJPY currency pair continues to rise inside the intermediate impulse wave (3), which previously broke the key resistance level 130.50 (which has been reversing the price from the end of July).

The breakout of this resistance zone accelerated the active intermediate impulse wave (3).

EURJPY can be expected to rise further toward the next resistance level 132.50 (target for the completion of the active impulse wave (3)).