Elliott wave analysis of EUR/JPY for March 24, 2017
March 24, 2017 1:27 pm
Wave summary:
We continue to look for a firm test of minor resistance seen at 120.34, This resistance might be broken slightly before a correction toward 119.65 from where the next strong rally is expected higher toward 122.88 and above.
R3: 121.05
R2: 120.65
R1: 120.34
Pivot: 120.00
S1: 119.60
S2: 119.28
S3: 119.16
Trading recommendation:
Buy near 119.65 or upon a clear break above 120.34 with stop placed at 119.20
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
We continue to look for a firm test of minor resistance seen at 120.34, This resistance might be broken slightly before a correction toward 119.65 from where the next strong rally is expected higher toward 122.88 and above.
R3: 121.05
R2: 120.65
R1: 120.34
Pivot: 120.00
S1: 119.60
S2: 119.28
S3: 119.16
Trading recommendation:
Buy near 119.65 or upon a clear break above 120.34 with stop placed at 119.20
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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