Technical analysis

EURJPY Wave Analysis 15 January, 2021

EURJPY Wave Analysis 15 January, 2021

• EURJPY broke key support level 125.800

• Likely to fall to 125.00

EURJPY today broke the multi-candle support level 125.800 (which reversed the price multiple times in the middle of December).

The breakout of this support level 125.800 accelerated the active short-term correction (iv).

EURJPY is expected to fall further toward the next support level 125.00 (target price for the completion of the active corrective wave (iv))).

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