empty
 
 
24.09.2018 05:35 AM
Elliott wave analysis of EUR/JPY for September 24, 2018

This image is no longer relevant

EUR/JPY has rallied nicely and is well underway towards 134.07 and above towards the 136.06 - 136.50 zone.

In the short-term, we expect support near 131.99 to be able to protect the downside for the next push higher towards 134.07. Support at 131.99 should be broken then a dip closer to 131.53 max will appear. 131.03 should be expected before the next push higher.

R3: 134.07

R2: 133.13

R1: 132.62

Pivot: 131.99

S1: 131.53

S2: 131.03

S3: 130.54

Trading recommendation:

We are long EUR from 129.11 with our stop placed at 130.85. If you are not long EUR yet, then buy near 132.00 and use the same stop at 130.85.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback