FX.co ★ Elliott wave analysis of EUR/JPY for November 8, 2019

The former minor resistance at 120.64 will now act as support and will ideally protect the downside for the next upside attack through 121.30 towards 123.59.

R3: 121.47

R2: 121.14

R1: 120.87

Pivot: 120.64

S1: 120.49

S2: 120.11

S3: 119.87

Trading recommendation:

We are long EUR from 117.25 with our stop placed at 119.00.