Tuesday, April 1, 2014

Elliott wave analysis of EUR/JPY for April 1, 2014

Today's Support and Resistance levels: R3: 142.90 R2: 142.60 R1: 142.35 Current spot: 142.28 S1: 142.00 S2: 141.79 S3: 141.27 Technical summary: The last part of the wave ii correction reached a high at 142.60 slightly above our second target at 142.50. We now expected resistance at 142.35 to protect the upside for a break below support at 142.00 and more importantly a break below support at 141.27 that confirms a new impulsive decline is developing towards 139.96 and lower towards...
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