InstaForex - Analytics

    InstaForex

    701.25 6.25/10
    62% of positive reviews
    Real

    Elliott wave analysis of EUR/JPY for March 8, 2016 2016-03-08

    analytics56de7df57334c.png

    Show full picture

    Wave summary:

    There are no changes to our expectation. We still foresee a final rally higher to 126.24 that will end red wave c of the expanded flat correction and renewed downside pressure towards 119.90 and possibly even lower to 117.37.

    The decline from a high of 149.79, reached in early December 2014, is finally nearing its end, but still has a little more downside to cover.

    Trading recommendation:

    We are looking for selling opportunities near 126.45 with stop placed at 127.45.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree