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27.01.202007:41 विदेशी मुद्रा विश्लेषण और समीक्षा: 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.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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