empty
 
 
18.01.2021 08:28 AM
Elliott wave analysis of EUR/JPY for January 18, 2020

This image is no longer relevant

EUR/JPY has pushed lower than the ideal 125.72 and is hovering just above 125.14. This leaves us with two possible scenarios. The first sees the decline from 127.50 as red wave iv and one more push higher to above 127.50 should be expected in red wave v. The second scenario sees red wave i/ completed with the test of 127.50 and ongoing decline in red wave ii/. If this is the case, we should expect a small breach below 125.14 before EUR/JPY starts to turn higher again as red wave iii/ takes over and takes us well above 127.50 towards 129.06.

R3: 126.17

R2: 125.88

R1: 125.51

Pivot: 125.30

S1: 125.14

S2: 124.95

S3: 124.67

Trading recommendation:

We bought EUR at 125.75 and we have placed our stop at 124.75

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