FX.co ★ Elliott wave analysis of EUR/JPY for September 28, 2021

EUR/JPY may soon test short-term important resistance at 130.56. A break above will be a clear indication that wave 4/ has been completed and the final sub-wave of wave 3 is unfolding towards the long-term target at 135.42.

We also would like to stress that as long as short-term key resistance at 130.56 has not been broken, we cannot say for sure that wave 4/ has been completed and wave 5/ is unfolding. So remain flexible and patient.