empty
 
 
09.09.2015 05:40 AM
Elliott wave analysis of EUR/JPY for September 9, 2015

This image is no longer relevant

Technical summary:

A rally from a low of 132.19 is stronger than expected, so the question is whether wave 2 ended at 132.19 or we just saw a lower wave Y? The possible S/H/S top is also in danger invalidation. If this rally is terminated or gets close to termination near 134.75 for a break below support at 133.97 and more importantly below support at 132.95, we should expect swings towards this being an X-wave and more downside pressure to below 132.19. On the other hand, a clear break above resistance at 135.80 will favor wave 2 being over 132.19 and a new impulsive rally, which is currently unfolding.

Trading recommendation:

Our stop at 134.00 was hit. We will sell EUR again here at 134.53 with a stop at 134.85.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2025
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 $10000 more!
    In January we raffle $10000 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