empty
 
 
04.12.2019 07:40 AM
Elliott wave analysis of GBP/JPY for December 4 - 2019

This image is no longer relevant

GBP/JPY continues to move sideways in a narrow range between 140.87 - 141.74. We expect an ultimate break higher through resistance at 141.74 for a continuation of the uptrend towards 143.19 and 144.55.

In the short-term, a break above minor resistance at 141.25 will indicate that the pair is trying to break resistance near 141.74. If it comes true, the pair will inch up to 143.19 and above. If support at 140.87 is broken, back-up support is located just below at the level of 140.73.

R3: 142.14

R2: 141.69

R1: 141.58

Pivot: 141.25

S1: 140.87

S2: 140.73

S3: 140.73

Trading recommendation:

We remain long GBP from 140.12 with our stop placed at 139.85

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 $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

推荐文章

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