You are here: Home > articles > Elliott Wave > Elliott wave analysis of EUR/JPY for September 13, 2016
Elliott wave analysis of EUR/JPY for September 13, 2016
September 13, 2016 6:07 amVideo
Latest News
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
- EUR/USD: trading tips for beginners for European session on May 3 May 3, 2024
- Technical Analysis – WTI futures break below 200 day-SMA May 3, 2024
- Hot forecast for EUR/USD on May 3, 2024 May 3, 2024
- Key events on May 3: fundamental analysis for beginners May 3, 2024
- Trading plan for GBP/USD on May 3. Simple tips for beginners May 3, 2024
- Trading plan for EUR/USD on May 3. Simple tips for beginners May 3, 2024
- Forecast for EUR/USD on May 3, 2024 May 3, 2024
- Forecast for GBP/USD on May 3, 2024 May 3, 2024
- Forecast for USD/JPY on May 3, 2024 May 3, 2024
- The euro did not understand the Fed’s signals May 3, 2024
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
- Technical Analysis – GBPJPY returns to pre-intervention levels May 2, 2024
- JPY terrifies traders May 2, 2024
- Fed makes tough decision May 2, 2024
Wave summary:
A low has been seen at 113.90 and we remain cautiously bullish for a break above minor resistance at 114.64 and more importantly above resistance at 115.95 for the next impulsive rally towards at least 118.47 and 122.00 as the next important upside targets.
Only a break below 113.80 will question the bullish outlook, while a break below 112.33 will invalidate the bullish outlook altogether and favor the triangle consolidation, which ultimately will call for a break below 109.49.
Trading recommendation:
We are long EUR from 114.70 with stop placed at 113.75. If you are not long EUR yet, then buy a break above 114.64 and use the same stop at 113.75.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: