empty
 
 
02.08.2019 07:14 AM
Elliott wave analysis of GBP/JPY for August 2 - 2019

This image is no longer relevant

A hard Brexit and now more trade sanctions against China from the US was more than the GBP/JPY cross could handle. Not only has the decline broken below 130.61, but it has accelerated lower. The break below 130.61 has invalidated our previous preferred count, and we are back to the drawing board looking at our alternate options.

We think that the corrective decline from early February 2018 high at 156.61 now has a little more downside to cover. The new ideal downside target is seen at 127.93 which we expect to mark the low of wave 2 and set the stage for a new impulsive rally. For now, a little more downward movement towards 127.93 should be expected.

R3: 130.70

R2: 130.41

R1: 129.91

Pivot: 129.80

S1: 129.47

R2: 129.00

R3: 128.75

Trading recommendation:

We have took a stop at 130.50, and we are looking for a new buying opportunity at 128.05.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget