empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

14.10.201906:58 Forex Analysis & Reviews: Elliott wave analysis of GBP/JPY for October 14 - 2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.10.2019 analysis

GBP/JPY has accelerated higher and should continue its upside progress after a minor correction towards 135.15 from where renewed upside pressure is expected for a rally towards 139.15 and 144.98 as the next upside targets.

In the longer term, the minimum target is seen at 160.12 but it could easily extend much higher.

R3: 138.44

R2: 137.87

R1: 137.23

Pivot: 136.73

S1: 136.22

S2: 135.65

S3: 135.15

Trading recommendation:

We are long GBP from 131.25 and we will raise our stop to 133.50

Torben Melsted
Analytical expert of InstaForex
© 2007-2024

Open trading account

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off