empty
 
 
22.07.2014 09:49 AM
Elliott wave analysis of EUR/JPY for July 22, 2014

This image is no longer relevant

Today's support and resistance levels:

R3: 137.50

R2: 137.42

R1: 137.34

Current spot: 137.29

S1: 137.20

S2: 137.11

S3: 137.00

Technical summary:

We have seen a correction to 137.34 (well below the 137.50 maximum). Now, we are looking for a break below minor support at 137.20 to confirm that the correction is over and the next impulsive decline lower towards 134.34 is well underway. At 134.34, wave C will be equal in length to wave A. We should expect that support 134.34 will be able to protect the downside for a larger correction, but more about that, when we get there.

Trading recommendations:

We are short in EUR from 138.95 with stop placed at 137.95. If you are not short in EUR yet, then sell EUR near 137.34 with the same stop at 137.95.

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