empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

04.02.202007:41 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for February 4 - 2020

Exchange Rates 04.02.2020 analysis

EUR/JPY is now in the final stages of the sideways correction in wave iv that began on January 28. We expect this sideways correction to spike slightly above 120.42 before turning lower in wave v close to the 118.85 - 119.24 target area to complete wave 2 and set the stage for the next impulsive rally above 122.65.

In the short-term, a break below minor support at 120.03 will confirm the completion of wave iv and the onset of wave v lower to the target-area between 118.85 -119.24.

R3: 120.86

R2: 120.59

R1: 120.42

Pivot: 120.03

S1: 119.76

S2: 119.50

S3: 119.24

Trading recommendation:

We will sell EUR at 120.40 with a 121.26 stop and take-profit at 119.25

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.