empty
 
 
14.09.2020 06:19 AM
Elliott wave analysis of EUR/JPY for September 14, 2020

This image is no longer relevant

EUR/JPY is still in a wave ii correction. The ideal target for this correction is seen between support in the 124.82 - 125.18 area from where a new impulsive rally is expected towards the former peak at 127.08 and ultimately a break above here for a continuation towards 129.24 and possibly even higher.

Short-term resistance is seen at 125.88 and then at 126.12.

R3: 126.25

R2: 126.12

R1: 125.88

Pivot: 125.77

S1: 125.48

S2: 125.21

S3: 124.82

Trading recommendation:

We are long EUR from 124.41 and our stop is placed at 124.35

Summary
Urgency
Analytic
Torben Melsted
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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

Recommended Stories

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