Elliott Wave Ananlysis of EUR/JPY for July 20, 2017
July 20, 2017 9:11 am
Wave summary:
No change in view here except that for a possible downside target. As the sideways consolidation in wave b drags out the likely downside target for wave c of iv, it will only make it lower to 127.22 before turning higher again in wave v towards 133.46.
Trading recommendation:
We are short EUR from 129.80 with stop placed at 129.70 and we will move our take-profit higher to 127.35.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
No change in view here except that for a possible downside target. As the sideways consolidation in wave b drags out the likely downside target for wave c of iv, it will only make it lower to 127.22 before turning higher again in wave v towards 133.46.
Trading recommendation:
We are short EUR from 129.80 with stop placed at 129.70 and we will move our take-profit higher to 127.35.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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