empty
 
 
18.06.2019 06:40 AM
Elliott wave analysis of GBP/JPY for June 18 - 2019

This image is no longer relevant

GBP/JPY is following the expected path lower towards the next corrective target at 134.52, where we expect the corrective decline in wave 2 from 148.87 will complete and start a new impulsive rally in wave 3 that ultimate will break back above 148.87.

Short-term resistance is now seen at 136.59, which is expected to cap the upside for the decline towards 134.52 but only a break above resistance at 136.94 will indicate that wave 2 is complete and wave 3 higher is developing.

R3: 137.35

R2: 136.94

R1: 136.56

Pivot: 136.08

S1: 135.85

S2: 135.45

S3: 135.00

Trading recommendation:

We will buy GBP at 134.65 or upon a break above 136.94

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback