empty
 
 
28.06.2017 07:24 AM
Elliott wave analysis of EUR/JPY for June 28, 2017

This image is no longer relevant

Wave summary:

We have finally seen the expected upside acceleration confirming more upside towards 133.34 as the next major upside target. Short-term, we will be looking for a rally to 127.80, which likely will be followed by a minor correction before higher again towards 129.50 as the next minor upside target.

R3: 129.50

R2: 129.10

R1: 127.80

Pivot: 127,50

S1: 126.95

S2: 126.61

S3: 126.14

Trading recommendation:

We are long EUR from 124.46 and will move our stop higher to 126,00. If you are not long EUR yet, then buy EUR near 126.95 and use the same stop at 126,00.

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 $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

Recommended Stories

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