empty
 
 
22.04.2021 07:32 AM
Elliott wave analysis of EUR/JPY for April 22, 2021

This image is no longer relevant

EUR/JPY failed to break clearly above resistance at 130.67 but the fact that it tried indicates that we only should look for a dip to support at 129.57 or maybe slightly below before the next rally higher. This time we should expect key-resistance at 130.67 to be broken for the next impulsive rally towards 132.16 and 133.12.

Trading recommendation:

Buy EUR near 129.57 or upon a break above 130.67

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 $1000 more!
    In April we raffle $1000 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