Trading Conditions
Products
Tools
Wave summary:
EUR/JPY remains lock in a trading range between 131.60 - 133.39. We continue to look for a minor corrective rally closer to 134.73 and maybe even closer to 135.39 to complete the corrective x-wave and set the stage for the next decline to below 131.60 for a move towards 129.30 on the way lower to the ideal (E)-wave target at 123.43.
R3: 133.79
R2: 133.39
R1: 132.45
Pivot: 131.60
S1: 131.20
S2: 130.56
S3: 130.00
Trading recommendation:
We are long EUR from 132.70 with stop placed at 131.50 and take profit set at 134.50.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.