empty
 
 
04.01.2016 06:52 AM
Elliott wave analysis of EUR/JPY for January 4, 2016

This image is no longer relevant

Wave summary:

A direct break below important support at 131.00 was the deciding factor. That break indicated that the wave (ii) ended at 134.59; and the wave (iii), lower to 126.05 and more likely even lower towards 116.13, which is now unfolding.

In the short term, we will ideally see resistance at 130.55 protecting the upside from a break below 129.62 confirming more downside pressure towards 126.05 and lower.

Trading recommendation:

Our stop + reverse at 130.95 was hit, meaning we are now short from 130.95 and we will place our new stop at 130.65.

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 $1000 more!
    In October we raffle $1000 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