Main Quotes Calendar Forum
flag

FX.co ★ Elliott wave analysis of EUR/JPY for June 30 - 2015

parent
Forex Analysis:::2015-06-30T16:40:26

Elliott wave analysis of EUR/JPY for June 30 - 2015

Elliott wave analysis of EUR/JPY for June 30 - 2015

Technical summary:

Minor resistance at 138.68 is still held firmly so the risk remains for more downside pressure towards important support near 133.07, but it will take a break below this level to turn the picture bearish. To remove the downside pressure a break above minor resistance at 138.68 is needed and it will call for a move higher to 141.06 and 144.03.

Trading recommendation:

We will stay neutral for now as the picture is a bit unclear.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...