empty
 
 
ar
الدعم
فتح الحساب الفوري
منصة التداول
إيداع/ سحب

27.01.202007:41 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for January 27, 2020

Exchange Rates 27.01.2020 analysis

EUR/JPY has broken key-support at 120.14 which has forced us back to the drawing-board, looking for alternate counts. The best count shows that the correction in wave 2 is larger, than first expected and we only are in wave c of 2 and not in the early start of wave 3 higher as we originally expected.

This means more downside pressure towards support in the 118.85 - 119.24 zone should be expected. We are likely close to the low of wave iii near 119.75 and should expected a minor corrective rally towards 120.97 before the final dip into the 118.85 - 119.24 target-zone.

R3: 120.97

R2: 120.60

R1: 120.41

Pivot:120.29

S1: 119.90

S2: 119.75

S3: 119.50

Trading recommendation:

Our stop at 120.10 has been hit and we will step aside for now.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.