empty
 
 
11.11.2019 08:05 AM
Elliott wave analysis of EUR/JPY for November 11, 2019

This image is no longer relevant

EUR/JPY is once again trying to reach our ideal corrective target at 119.87. Support will be strong in the 119.87 - 120.05 area and the likelihood of a bottom forming here is great. However, to confirm that a corrective low has been seen, we need a break above minor resistance at 120.42 and more importantly a break above resistance at 121.11 that will call for a continuation higher to 123.59 and above longer term.

R3: 121.11

R2: 120.24

R1: 120.05

Pivot: 119.87

S1: 119.71

S2: 119.53

S3: 119.21

Trading recommendation:

We are long EUR from 117.25 with our stop placed at 119.00. If you are not long EUR yet, then buy near 120.00 or upon a break above 120.42

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