empty
 
 
30.04.2018 06:33 AM
Elliott wave analysis of EUR/JPY for April 30 - 2018

This image is no longer relevant

We expect minor resistance near 132.51 to be able to cap the upside for a new stab lower towards the ideal target near 131.46 to complete wave i of C. In the short term, a break below minor support at 132.19 will confirm that wave iv/ has completed and wave v/ of i lower to 131.46 is developing.

R3: 132.84

R2: 132.69

R1: 132.51

Pivot: 132.19

S1: 132.03

S2: 131.85

S3: 131.46

Trading recommendation:

We are short EUR from 132.85 with stop at breakeven. We will take half profit at 131.55.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback