Elliott wave analysis of EUR/JPY for March 10, 2017
March 10, 2017 4:54 am
Wave summary:
EUR/JPY continues to higher toward the next upside target seen at 122.90 on the way higher to 124.20 and possibly even closer to 125.53 before wave 3 is complete. Short-term, we will ideally see minor support at 121.89 being able to protect the downside for the continuation higher to 122.90 and above.
R3: 122.90
R2: 122.53
R1: 122.25
Pivot: 122.00
S1: 121.89
S2: 121.75
S3: 121.25
Trading recommendation:
WE are long EUR from 119.86 and will move our stop higher to 121.20. If you are not long EUR yet, then buy near 121.89 and use the same stop.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
EUR/JPY continues to higher toward the next upside target seen at 122.90 on the way higher to 124.20 and possibly even closer to 125.53 before wave 3 is complete. Short-term, we will ideally see minor support at 121.89 being able to protect the downside for the continuation higher to 122.90 and above.
R3: 122.90
R2: 122.53
R1: 122.25
Pivot: 122.00
S1: 121.89
S2: 121.75
S3: 121.25
Trading recommendation:
WE are long EUR from 119.86 and will move our stop higher to 121.20. If you are not long EUR yet, then buy near 121.89 and use the same stop.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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