empty
 
 
27.11.2019 07:46 AM
Elliott wave analysis of EUR/JPY for November 27 - 2019

This image is no longer relevant

EUR/JPY is again testing short-term important resistance at 120.30 and a break above here will be a strong indication that blue wave ii with the test of 119.65 and blue wave iii towards 121.98 is developing. Short-term support is now seen at 119.94 and 119.80. The support levels are likely to protect the downside for the expected break above 120.30 for upside acceleration towards 121.40 and 121.98.

R3: 120.64

R2: 120.39

R1: 120.27

Pivot: 120.13

S1: 119.94

S2: 119.80

S3: 119.62

Trading recommendation:

We remain long from 117.25 with our stop placed at 119.30. If you are not long yet, then buy a break above 120.30 with the same stop at 119.30

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $5000 more!
    In November we raffle $5000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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