empty
 
 
10.08.2017 05:22 AM
Elliott wave analysis of EUR/JPY for August 10, 2017

This image is no longer relevant

Wave summary:

We a perfect correction back to 129.55 (our target was seen at 129.52) renewed downside pressure should now be expected for a decline to 127.59 from where a new short-term correction close to 129.55 should be expected before lower again to 125.08.

R3: 130.03

R2: 129.78

R1: 129.55

Pivot: 129.50

S1: 128.46

S2: 127.96

S3: 127.59

Trading recommendation:

We are short EUR from 129.45. We will move our stop lower to 130.05. Take-profit will be placed at 127.65.

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