Elliott wave analysis of EUR/JPY for July 28, 2017
July 28, 2017 6:29 amVideo
Latest News
- Is Gold heading to $2,000? July 14, 2023
- Reporting season starts with JPMorgan Chase posting upbeat results in Q2 July 14, 2023
- EUR/USD showed exhausted signs July 14, 2023
- Technical analysis on EURUSD for July 14th, 2023. July 14, 2023
- Bitcoin shows troubling signs July 14, 2023
- Ichimoku cloud indicator analysis on Gold for July 14th, 2023. July 14, 2023
- Ichimoku cloud indicator analysis on USDJPY for July 14th, 2023. July 14, 2023
- Bitcoin vulnerable to a pull back for week starting July 17th 2023. July 14, 2023
- Will China’s Q2 GDP data be the next bull catalyst in markets? – Forex News Preview July 14, 2023
- AUD/USD Outlook on July 14, 2023 July 14, 2023
- Trading Signal for EUR/USD for July – August, 2023: sell below 1.1271 (GAP – overbought) July 14, 2023
- Forex forecast 07/14/2023 on EUR/USD, Gold, SP500 and USDX from Sebastian Seliga July 14, 2023
- EUR/USD: Dollar loses yet another favor July 14, 2023
- Trading Signal for GOLD (XAU/USD) for July 14-17, 2023: sell below $1,968 (3/8 Murray – overbought) July 14, 2023
- Technical Analysis – Will the AUDUSD breakout have legs? July 14, 2023
- Meet the Winners of Our Everybody Wins Promo July 14, 2023
- Nasdaq 100 rebalances this month, what’s the effect? – Stock Market News July 14, 2023
- BTC update for July 14,.2023 – Key resistance cluster on the test July 14, 2023
- Analysis of Gold for July 14, 2023 – Tight consolidation and potential for the breakout July 14, 2023
- USD/JPY analysis for July 14, 2023 – Breakout of the downside channel and potential for the further rally July 14, 2023
Wave summary:
We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower.
That said, a break below minor support at 128.90 will be a warning that the top might be in place already for more downside pressure.
R3: 130.77
R2: 130.59
R1: 130.04
Pivot: 129.85
S1: 129.53
S2: 129.22
S3: 128.90
Trading recommendation:
We are long EUR from 129.75 with stop placed at 129.15. Take profit will be placed at 133.20.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: