Elliott wave analysis of EUR/JPY for April 6, 2018
April 6, 2018 5:24 am
We continue to look for more upside towards 132.12 followed by a minor sideways consolidation and a final pop closer to 132.82 to complete wave B and set the stage for renewed downside pressure in wave C towards the long-term target for wave (E) at 123.43.
R3: 132.43
R2: 132.12
R1: 131.75
Pivot: 131.06
S1: 130.85
S2: 130.36
S3: 129.98
Trading recommendation:
We are long EUR from 130.70 with stop at breakeven. Take profit+reverse set placed at 132.65.
The material has been provided by InstaForex Company – www.instaforex.com
We continue to look for more upside towards 132.12 followed by a minor sideways consolidation and a final pop closer to 132.82 to complete wave B and set the stage for renewed downside pressure in wave C towards the long-term target for wave (E) at 123.43.
R3: 132.43
R2: 132.12
R1: 131.75
Pivot: 131.06
S1: 130.85
S2: 130.36
S3: 129.98
Trading recommendation:
We are long EUR from 130.70 with stop at breakeven. Take profit+reverse set placed at 132.65.
The material has been provided by InstaForex Company – www.instaforex.com
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