empty
 
 
08.05.2014 11:12 AM
Elliott wave analysis of EUR/JPY for May 8, 2014

This image is no longer relevant

Today's Support and Resistance levels:

R3: 142.47

R2: 142.09 (critical level)

R1: 141.74

Current spot: 141.71

S1: 140.99

S2: 140.23

S3: 139.15

Technical summary:

The continued range trading is frustrating, but it does not change our view of more downside pressure as long as the critical level at 142.09 protects the upside. However, to get some real downside pressure we still need a break below support at 140.99, which would call for continuation lower towards 140.23 and likely even lower towards 136.97 in the longer term.

Trading recommendation:

Stay short in EUR from 141.68 with your stop placed at 142.15. If you are not short in EUR yet, then sell near 141.74 with the same stop at 142.15.

Ringkasan
Urgensi
Analitik
Torben Melsted
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback