FX.co ★ Elliott wave analysis of EUR/JPY for February 23, 2023

EUR/JPY has likely seen a small overthrow to complete the ending diagonal in wave c of B and should be ready to challenge the downside for a break below minor support at 142.82 indicating a top being in place, while a break below support at 142.33 will confirm the top and renewed downside pressure as wave C continues lower towards the ideal target seen at 134.10.