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08.11.2019 07:51 AM
Elliott wave analysis of EUR/JPY for November 8, 2019

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The former minor resistance at 120.64 will now act as support and will ideally protect the downside for the next upside attack through 121.30 towards 123.59.

R3: 121.47

R2: 121.14

R1: 120.87

Pivot: 120.64

S1: 120.49

S2: 120.11

S3: 119.87

Trading recommendation:

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

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