empty
 
 
29.01.2020 07:20 AM
Elliott wave analysis of EUR/JPY for January 29 - 2020

This image is no longer relevant

EUR/JPY dipped to a low of 119.78 just above our target at 119.75. We are now looking for a corrective rally towards the 120.79 - 121.09 target-zone before renewed downside pressure towards 118.85 - 119.24 should be expected.

In the short term, a break above 120.40 will confirm the expected rally higher to the 120.79 - 121.09 target-zone.

R3: 121.09

R2: 120.79

R1: 120.40

Pivot: 120.20

S1: 119.90

R2: 119.75

R1: 119.50

Trading recommendation:

We will sell EUR at 120.95 for a final dip to 119.24.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Torben Melsted
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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