empty
 
 
10.01.2018 06:37 AM
Elliott wave analysis of EUR/JPY for January 10 - 2018

This image is no longer relevant

Wave summary:

The decline from 136.64 has been strong and the pair is already testing the support at 133.89. A clear break below here will point lower to 132.21 as the next downside target. EUR/JPY will move lower as long as it stays below 134.58, while a break above this minor resistance will indicate that a corrective rally above 135.49 is developing, before declining again.

In the longer term, we are looking for the wave (E) lower to 123.43 to develop and complete the triangle consolidation, that has been developing since July 2008.

R3: 135.49

R2: 135.02

R1: 134.56

Pivot: 133.89

S1: 133.57

S2: 133.06

S3: 132.55

Trading recommendation:

We are short on EUR from 134.75. We will take half profit at 134.09 and a nice little 67 pips profit and lower our stop to 134.60 on the other half.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback