empty
 
 
21.10.2019 06:59 AM
Elliott wave analysis of EUR/JPY for October 21 - 2019

This image is no longer relevant

There is still the possibility of a short-term correction closer to 119.87 before the next impulsive rally pushes EUR/JPY higher towards the next upside target near 124.64.

In the longer term, we remain bullish as the 11-year triangle consolidation completed with the text of 115.87 on September 2. This also mean that wave [C] now is in motion. If wave [C] becomes equal in length to wave [A], a rally to 196.88 looks likely over the coming years.

R3: 122.01

R2: 121.50

R1: 121.00

Pivot: 120.64

S1: 120.25

S2: 119.87

S3: 119.10

Trading recommendation:

We are long EUR from 117.25 with our stop placed at 119.00

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 $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

推荐文章

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