Elliott wave analysis of EUR/JPY for February 5, 2018 888011000 110888 < imgwidth=” 450″ src =”http://qkfx.com/wp-content/uploads/2018/02/elliott-wave-analysis-of-eur-jpy-for-february-5-2018.png “alt=” analytics5a77ddcf81b59.png”/ > Wave summary: We have actually seen the expected rally to 137.37 (the high has actually been seen at 137.50 ). This is ample to fulfill the target for the wave(D), and we need to expect the wave (E)to take control of for a decline to 123.43 anytime now. A break below minor support at 136.64 will be the very first great indication that the wave(D)has actually finished and the wave(E)is establishing, while a break listed below support at 135.93 will be needed to validate the predicteddecline in the wave(E). R3: 138.11 R2: 137.50 R1: 137.20 Pivot: 136.64 S1: 136.23 S2: 135.93 S3: 135.66 Trading suggestion: We offered EUR at 137.30 and we will place our stop at 137.60. The material has been provided by InstaForex Company- www.instaforex.com

By | February 5, 2018

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