empty
 
 
04.06.2014 02:39 PM
Elliott wave analysis of EUR/JPY for June 4, 2014

This image is no longer relevant

Today's Support and Resistance levels:

R3: 141.55

R2: 140.94

R1: 140.08

Current spot: 139.68

S1: 139.49

S2: 139.07

S3: 138.68

Technical summary:

The correction from 137.97 has extended, but as long as important resistance at 140.08 stays untouched, we will continue to regard this rally as an correction. In the short term we will be looking for a break below support at 139.49 as the first good indication, that the correction is over, while a break below support at 139.07 confirms that a new impulsive decline is building for a decline to 137.97 on the way lower to 137.21 and likely even 136.56 as the next major downside targets.

If however, important resistance at 140.08 is broken, then we will be forced to change our immediately bearish count to a B-wave triangle consolidation.

Trading recommendation:

Our stop at 139.90 was hit and we will sell EUR upon a break below support at 139.49 with a stop at 140.15.

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