Elliott wave analysis of EUR/JPY for August 26 – 2016
August 26, 2016 5:57 am
Wave summary:
There really is not anything new to add here.
We remain lock in a very narrow range between 112.28 and 114.03. We slightly favor a break towards the upside for a rally to 118.70 and 122.00 as the next upside targets. Only time will tell, what way we are going to break.
Trading recommendation:
We will only buy a break above 114.03 with stop placed at 112.20.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
There really is not anything new to add here.
We remain lock in a very narrow range between 112.28 and 114.03. We slightly favor a break towards the upside for a rally to 118.70 and 122.00 as the next upside targets. Only time will tell, what way we are going to break.
Trading recommendation:
We will only buy a break above 114.03 with stop placed at 112.20.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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