empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

19.06.202005:58 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for June 19, 2020

Exchange Rates 19.06.2020 analysis

EUR/JPY moved to a low of 119.59 or just below the 61.8% corrective target. At 119.59, EUR/JPY met the support line of the pitchfork and this should be enough to turn the pair higher again. We were disipointed the last time we looked for a turn higher. So we would like to see minor resistance at 120.03. It is even more important to see that resistance at 120.54 is broken before we raise our expectations for a new impulsive rally.

In other words, we continue to believe that the potentiel downside movement from here would be very limited.

R3: 120.87

R2: 120.54

S1: 120.03

Pivot: 119.92

S1: 119.70

S2: 119.59

S3: 119.42

Trading recommendation:

We are long on EUR from 119.95 with our stop at 118.95

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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.

Não pode falar agora?
Faça sua pergunta no chat.