empty
 
 
01.09.2016 08:15 AM
Elliott wave analysis of EUR/JPY for September 1, 2016

This image is no longer relevant

Wave summary:

The impulsive rally from 113.11 continues to unfold nicely. The next upside target to look for is seen in the 116.19 - 116.36 area, but longer term, we continue to look for much higher levels.

Short-term resistance is seen at 114.96 and then at 114.62 that should be able to protect the downside for a break above minor resistance at 115.43 for the expected rally towards 116.19.

Trading recommendation:

We are long EUR from 114.05 and will move stops higher to 114.50 securing a profit no matter what happens. If you are not long EUR yet, then buy near 114.96 or upon a break above 115.43 use the same stop at 114.50.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback