EUR/JPY: buy target – 141.00
By: Dima Chernovolov
- EUR/JPY reached buy target 140.00
- Next buy target – 141.00
EUR/JPY recently corrected down – after the pair reached the resistance level 140.00, which was set as the buy target in our previous forecast for this currency pair. The subsequent downward correction recently stopped in the support zone lying at the intersection of the support level 138.00 and the 38.2% Fibonacci Correction of the previous intermediate (C)-wave from May.
EUR/JPY is likely to rise further to test the next resistance level 141.00 (which stopped the previous primary ABC correction ② at the start of this month).