Elliott Wave view on EUR/JPY highlights five swings since Feb 13, suggesting upside potential [Video]
|From the January 23 high, EURJPY completed a measured three‑swing pullback that reached 180.78. This decline has been identified as wave (4) within the broader Elliott Wave structure. Following the completion of this corrective phase, the pair turned higher in wave (5). However, to fully confirm the bullish continuation and eliminate the possibility of a double correction, price must break decisively above the January 23 peak at 186.87. Until that level is surpassed, traders should remain aware of potential alternative scenarios.
From the wave (4) low, the rally has unfolded in a clear five‑swing sequence, which favors further upside. Wave ((i)) advanced to 182.27, followed by a corrective pullback in wave ((ii)) that ended at 180.8. The pair then nested higher within wave ((iii)). Inside this structure, wave (i) concluded at 183.15, while wave (ii) dipped modestly to 182. The subsequent rally carried wave (iii) to 184.18, before a minor retracement in wave (iv) ended at 183.3.
Near term, the expectation is for EURJPY to continue higher in wave (v), which will complete wave ((iii)). As long as the pivot at 180.78 remains intact, pullbacks should find support in the typical three, seven, or eleven‑swing corrective sequences. This technical condition reinforces the bullish bias and suggests that the pair retains potential for further appreciation.
EUR/JPY one-hour Elliott Wave chart from 2.25.2026
EUR/JPY Elliott Wave [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.