InstaForex - Analytics


    735.75 6.25/10
    62% of positive reviews

    Elliott wave analysis of EUR/JPY for January 2 - 2015


    Show full picture

    Technical summary:

    Wave y of the double zig-zag combination is currently unfolding. After a minor correction to 145.70, we will be looking for the next decline towards 143.56 and 142.44. It will take an unexpected rally above resistance at 147.22 to invalidate the expected decline.

    Trading recommendation:

    We sold EUR at 145.90 and will move our stop lower to break-even. If you are not short EUR yet, then sell it near 145.70 with the same stop at 145.90.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    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