You are here: Home > articles > Elliott Wave > Elliott wave analysis of EUR/JPY for November 19 – 2014
Elliott wave analysis of EUR/JPY for November 19 – 2014
November 19, 1905 2:16 pmVideo
Latest News
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
Today’s support and resistance levels:
R3: 147.59
R2: 147.39
R1: 147.05
Current spot: 147.03
S1: 147.00
S2: 146.78
S3: 146.38
Technical summary:
The possible b-wave of the expanded flat pattern has extended higher and is closing in on the maximum target at 147.59. This resistance has to protect the upside for a break below support at 147.00 and more importantly below support at 146.78 confirming that wave c lower to 142.05 is developing. However, if resistance at 147.59 is broken too, then the potential b-wave count will be invalidated. Instead, the count shifts to wave (v) still being in action towards 148.30 before the correction lower.
Trading recommendation:
Our long from 146.35 was stopped at 146.75 with a small loss. We are still looking to sell and will sell EUR again at 147.50 or upon a break below 147.00 with a stop at 148.50.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: