EUR/JPY rising inside impulse waves (iii) and 3

EUR/JPY rising inside impulse waves (iii) and 3

  • EUR/JPY rising inside impulse waves (iii) and 3
  • Next buy target - 132.00

EUR/JPY continues to rise inside the minor impulse wave (iii), which belongs to wave 3 from the middle of June, The price earlier broke through the resistance zone lying between the resistance level 128.00 and the upper resistance trendline of the wide weekly up channel inside which the price has been moving from the middle of 2016. The breakout of this resistance zone intensified the bullish pressure on this currency pair. EUR/JPY is expected to rise to the next buy target at the next resistance level 132.00.

Similar

USD/JPY: bullish 'High Wave'

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...

jpy
GBP/USD: 'V-Top' pattern

It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...

gbp

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera