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22.06.202107:25 विदेशी मुद्रा विश्लेषण और समीक्षा: Elliott wave analysis of EUR/JPY for June 22, 2021

Exchange Rates 22.06.2021 analysis

EUR/JPY has tuned strongly higher from a low of 130.04 and quickly eclipsed short-term resistance at 130.89 indicating that wave 4/ was complete and wave 5/ towards 135.42 now is in motion.

Short-term we should see a temporary corrective set-back into the 130.61 - 130.86 area from where the next impulsive rally higher towards the wave 5/ near 135.42 should be seen. A break below minor support at 131.22 will call for a dip into support in the 130.61 - 130.86 area before the next push higher towards 133.64 and then 135.42

Trading recommendation:

If you are not long already near 130.89 a second chance to load up EUR in the 130.61 - 130.86 should be expected

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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