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17.11.202310:17 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for November 17, 2023

Exchange Rates 17.11.2023 analysis

EUR/JPY has continued to make headway but is starting to lose upside momentum. So, we would not be surprised to see a temporary setback towards the step support line near 153.24 before the next push higher towards the long-term target at 195.43.

In the short term, we see resistance at 163.64 holding for the expected correction towards 153.24 before the next push higher towards the 2008 high at 169.97 and then 179.18 on the way towards the long-term target at 195.43.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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