empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

08.06.202006:49 Forex Analysis & Reviews: Elliott wave analysis of GBP/JPY for June 8, 2020

Exchange Rates 08.06.2020 analysis

GB/JPY rallied nicely into our expected target at 139.07 (the peak was seen at 139.77) with the target for red wave iii fulfilled, we should now expecte a correction in red wave iv to unfolding in the coming days. This correction will ideally dip into support in the 137.10 - 137.60 area before the next impulsive rally should be expected.

We also have a good idea how red wave iv will unfold due to the alternation principle. As red wave ii was a deep simple zig-zag correction, we expect red wave iv to be complex in nature and a shallow correction only correcting a minor part of red wave iii. The 23.6% correction is seen at 137.60, while the 38.2% correction is seen at 136.29.

R3: 139.77

R2: 139.45

R1: 139.07

Pivot: 138.78

S1: 138.15

S2: 137.82

S3: 137.60

Trading recommendation:

We are long GBP from 131.95 and we will take 50% profit here at 139.07 for a nice 712 pips profit and keep our stop at 135.05 for the final 50%.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.