Elliott wave analysis of EUR/JPY for February 21, 2018
February 21, 2018 6:21 am
Wave Summary:
EUR/JPY is finally moving higher towards the expected target area between 134.73 – 135.36 from where a new strong decline towards 129.30 and 127.52 should be seen on the way towards the ideal (E) target at 123.43.
R3: 134.18
R2: 133.79
R1: 133.34
Pivot: 132.85
S1: 132.60
S2: 132.38
S3: 132.07
Trading recommendation:
We are long EUR from 132.70, and we will move our stop higher to 132.00 and keep our take profit at 134.50.
The material has been provided by InstaForex Company – www.instaforex.com
Wave Summary:
EUR/JPY is finally moving higher towards the expected target area between 134.73 – 135.36 from where a new strong decline towards 129.30 and 127.52 should be seen on the way towards the ideal (E) target at 123.43.
R3: 134.18
R2: 133.79
R1: 133.34
Pivot: 132.85
S1: 132.60
S2: 132.38
S3: 132.07
Trading recommendation:
We are long EUR from 132.70, and we will move our stop higher to 132.00 and keep our take profit at 134.50.
The material has been provided by InstaForex Company – www.instaforex.com
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