FX.co ★ Elliott wave analysis of EUR/JPY for April 29, 2022

The expected correction from the 140.00 peak is unfolding nicely and we should soon see renewed downside force being added for a re-test of minor support at 134.78 and once this support breaks a continuation towards our minimum-target at 132.65 and more likely a continuation towards 130.22 and 127.20 as the next supports.

So continue to look for more downside pressure near-term.