empty
 
 
19.06.2020 06:07 AM
Elliott wave analysis of GBP/JPY for June 19, 2020

This image is no longer relevant

GBP/JPY dropped much lower than we had expected and now, it is testing the 78.6% corrective target and the channel support line. At the same time, we saw the bullish divergence for the RSI. This points to an impulsive rally in the near future. However, we were disapointed the last time we were waiting for a turnaround. Therefore, we would like to see minor resistance at 133.63. It is even more important to see that resistance at 134.35 is broken before we are on the safe ground and wait for a new impulsive rally towards 139.74 on the way higher to 148.32.

Support at 131.63 must be able to protect the downside. Otherwise, we will have to review and re-count the rally from 129.30.

R3: 135.14

R2: 134.35

R1: 133.63

Pivot: 133.09

S1: 132.68

S2: 132.36

S3: 131.85

Trading recommendation:

Our stop at 133.10 was hit by a loss and we will re-buy GBP here at 132.85 and place our stop at 131.55.

Torben Melsted,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
Torben Melsted
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback