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28.09.2023 06:57 AM
Elliott wave analysis of EUR/JPY for September 28, 2023

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EUR/JPY is set to test short-term important support at 156.59. A break below here will confirm that wave B has been completed and wave C towards 141.35 is unfolding. For now, we need to stay patient and wait for the break below support at 156.59 to confirm that the peak of wave B is in place, but it should just be a matter of time before the final leg of the expanded flat really takes over and pushes EUR/JPY lower.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2026
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