empty
 
 
10.07.2015 09:42 AM
Elliott wave analysis of EUR/JPY for July 10, 2015

This image is no longer relevant

Technical summary:

Important support at 133.07 held perfectly. Now we will be looking for a break above minor resistance at 136.07 and more importantly resistance at 138.14. That would confirm renewed upside pressure towards 141.06 on the way to 144.03

A break below important support at 133.07 is still possible. It would indicate that the rally from 126.05 was only a correction one, and this low should be retested.

Trading recommendation:

We are long EUR from 134.07 and will move our stop to break-even. If you are not long EUR yet, buy EUR near 135.00 with the same stop.

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 $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

Recommended Stories

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