Elliott wave analysis of EUR/JPY for February 24, 2019
January 24, 2019 8:21 am
The longer EUR/JPY stays near short-term important resistance at 124.93 the higher the possibility for a push higher towards 126.59 as the next upside target on the way towards 132.12.
Short-term only a dip back below 124.37 will again open up for a deeper correction in wave ii towards 123.37 and maybe even closer to 122.70 to complete wave ii.
R3: 126.59
R2: 125.81
R1: 125.19
Pivot: 124.93
S1: 124.55
S2: 124.10
S3: 123.72
Trading recommendation:
We will buy EUR at 123.00 or upon a break above 124.93
The material has been provided by InstaForex Company – www.instaforex.com
The longer EUR/JPY stays near short-term important resistance at 124.93 the higher the possibility for a push higher towards 126.59 as the next upside target on the way towards 132.12.
Short-term only a dip back below 124.37 will again open up for a deeper correction in wave ii towards 123.37 and maybe even closer to 122.70 to complete wave ii.
R3: 126.59
R2: 125.81
R1: 125.19
Pivot: 124.93
S1: 124.55
S2: 124.10
S3: 123.72
Trading recommendation:
We will buy EUR at 123.00 or upon a break above 124.93
The material has been provided by InstaForex Company – www.instaforex.com
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