empty
 
 
11.07.2019 06:55 AM
Elliott wave analysis of EUR/JPY for July 11, 2019

This image is no longer relevant

EUR/JPY has turned to be lower as expected. The minor rally from 121.44 did not show an impulsive structure, which calls for more downside pressure closer to strong support near 121.00 before a more solid bottom is formed and the next impulsive rally begins.

Only a direct breakout above resistance at 122.09 will indicate the bottom is formed and the next impulsive rally to above 123.38 is developing.

R3: 122.54

R2: 122.39

R1: 122.09

Pivot: 121.93

S1: 121.59

S2: 121.29

S3: 121.00

Trading recommendation:

The final 50% of our position from 121.50 have been sold at 121.79. We will buy EUR again at 121.15 or upon a breakout above 122.09

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 $8000 more!
    In March we raffle $8000 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