empty
 
 
28.03.2014 10:31 AM
Elliott wave analysis of EUR/JPY for March 28, 2014

This image is no longer relevant

Today's Support and Resistance levels:

R3: 141.04

R2: 140.81

R1: 140.52

Current spot: 140.38

S1: 140.23

S2: 139.84

S3: 139.33

Technical summary:

The bears still have benefits, but we would like to see some downside acceleration soon to confirm that they are in the divers seat. In the short term, we would like to see resistance in the 140.52-140.68 protecting the upside for a break below support at 140.18 for acceleration lower towards 136.45. That said, as long as we have not seen the acceleration towards the downside we have to acknowledge that the decline from 140.43 only is an x-wave in a complex correction, if this is the case, we should see a break above 140.92 that would call for a move closer to 142.11 and just maybe 142.50 before wave ii is over.

Trading recommendation:

Stay short from 140.65 and move your stop lower to 140.95. If you are not short in EUR yet, then sell upon a break below 140.18 with the same stop at 140.95.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback