empty
 
 
25.08.2014 12:30 PM
Elliott wave analysis of EUR/JPY for August 25, 2014

This image is no longer relevant

Today's support and resistance levels:

R3: 137.66

R2: 137.43

R1: 137.30

Current spot: 137.27

S1: 137.14

S2: 137.00

S3: 136.81

Technical summary:

We have seen a rejection from resistance at 138.01, but we are not quite safe yet, as we need a break below support at 136.81 to confirm that the final decline towards 134.34 is developing. As we are locked inside an expanded ending diagonal, the expected decline towards 134.34 is unlikely to be pretty easy. In the short term, we will be looking for minor resistance at 137.30, which ideally will protect the upside for a decline to 136.81 and below, but only a break above resistance at 137.43 will cause concern.

Trading recommendation:

We are short in EUR at 137.75 and will move stop lower to 137.70. If you are not short in EUR yet, then sell a break below 137.14 with the same stop at 137.70.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback