empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

27.05.202107:48 Forex Analysis & Reviews: Elliott wave analysis of GBP/JPY for May 27, 2021

Exchange Rates 27.05.2021 analysis

A minor top-formation is developing in GBP/JPY. A corrective decline is expected in the coming days/weeks. As we saw a quick, simple, and very deep correction in wave ii/ we should expect a complex small correction in wave iv/ to the 23.6% at 150.10 and if broken we could see wave iv/ move closer to the 38.2% corrective target at 146.84 - less likely though.

A break below minor support at 153.14 will confirm that wave iv/ is underway for a corrective decline to 150.10 and maybe slightly lower to 149.41. Yet, the drop to the 38.2% corrective target at 146.80 seems less possible.

Trading recommendation:

Profit should have been taken near 154.80 peak if not then take profit here or upon a break below 153.14 for a decline to 150.10 where a new buying opportunity is expected for the next impulsive rally in wave v/

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Não pode falar agora?
Faça sua pergunta no chat.