Elliott wave analysis of EUR/JPY for March 17 – 2017
March 17, 2017 4:24 pm
Wave summary:
After a minor correction towards the 120.36-120.45 area, more upside towards 125.53 remains expected. A short-term break above the minor resistance at 122.20 will confirm continuation higher.
R3: 122.25
R2: 121.90
R1: 121.53
Pivot: 121.00
S1: 120.77
S2: 120.45
S3: 119.97
Trading recommendation:
Our stop at 121.00 has been hit for a nice profit. We will buy EUR again at 120.50 with stop placed at 119.90.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
After a minor correction towards the 120.36-120.45 area, more upside towards 125.53 remains expected. A short-term break above the minor resistance at 122.20 will confirm continuation higher.
R3: 122.25
R2: 121.90
R1: 121.53
Pivot: 121.00
S1: 120.77
S2: 120.45
S3: 119.97
Trading recommendation:
Our stop at 121.00 has been hit for a nice profit. We will buy EUR again at 120.50 with stop placed at 119.90.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: