Elliott Wave Ananlysis of EUR/JPY for July 20, 2017


Wave summary:

No change in view here except that for a possible downside target. As the sideways consolidation in wave b drags out the likely downside target for wave c of iv, it will only make it lower to 127.22 before turning higher again in wave v towards 133.46.

Trading recommendation:

We are short EUR from 129.80 with stop placed at 129.70 and we will move our take-profit higher to 127.35.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Elliott Wave Ananlysis of EUR/JPY for July 20, 2017

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply