EUR/JPY Elliott Wave Analysis
EUR/JPY is a popular cross pair that combines European and Japanese monetary policy dynamics. It is known for strong trending moves and is favored by carry traders.
EUR/JPY impulse waves are typically strong and extended due to carry trade flows. Wave 3 often reaches 200% or even 261.8% extensions. Corrections tend to be complex (WXY structures).
Major levels around 155.00, 160.00, 165.00, 170.00. BoJ and ECB policy divergence drives the macro wave structure.
EUR/JPY trends hard when both EUR and JPY are moving in the same direction against the dollar. Check EUR/USD and USD/JPY wave counts for confluence.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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