empty
 
 
12.10.2015 07:58 AM
Elliott wave analysis of EUR/JPY for October, 2015

This image is no longer relevant

Technical summary:

A nice breakout above resistance at 135.71 is expected to continue moving higher towards 141.00. On the way higher, we should expect minor resistance near 137.43 and again at 138.10 as we work our the way higher.

Support is now found at 136.31 and again at 135.71, which will ideally protect the downside for a rally higher to 138.10 and beyond.

Trading recommendation:

We are long EUR from 135.10 and will move stop higher to 135.30. If you are not long EUR yet, buy near 136.31 with the same stop at 135.30.

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