EURJPY is in pullback mode, and it looks like this correction from the April highs could last a bit longer, as we are most likely dealing with a complex corrective structure. This means the decline could unfold in seven swings, especially after the recent push to a new swing low below 180. So, a W-X-Y correction is something to be aware of, potentially with wave Y heading towards the gap from October 2025, which could provide major support around 174.

Become a premium member
Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.