Elliott wave analysis of EUR/JPY for March 1, 2018
March 1, 2018 7:21 am
Wave summary:
EUR/JPY continues to follow the expected path lower towards the next downside target seen at 128.69.
Short-term resistance is seen at 130.41 and again at 130.89. The later one should be able to cap the upside for the expected decline lower towards 128.69.
R3: 131.15
R2: 130.89
R1: 130.41
Pivot: 129.80
S1: 129.40
S2: 128.96
S3: 128.69
Trading recommendation:
We are short EUR from 131.45 and we will move our stop lower to 130.45 and take profit at 128.85
The material has been provided by InstaForex Company – www.instaforex.com
Wave summary:
EUR/JPY continues to follow the expected path lower towards the next downside target seen at 128.69.
Short-term resistance is seen at 130.41 and again at 130.89. The later one should be able to cap the upside for the expected decline lower towards 128.69.
R3: 131.15
R2: 130.89
R1: 130.41
Pivot: 129.80
S1: 129.40
S2: 128.96
S3: 128.69
Trading recommendation:
We are short EUR from 131.45 and we will move our stop lower to 130.45 and take profit at 128.85
The material has been provided by InstaForex Company – www.instaforex.com
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