1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex4you Technical Analysis 22 June 2011

Discussion in 'Technical Analysis' started by forex4you, Jun 22, 2011.

  1. forex4you

    forex4you New Member

    Joined:
    Jul 13, 2010
    Messages:
    137
    Likes Received:
    0
    EUR/JPY: roll-over potential
    The EUR/JPY has rolled-over and is descending quite rapidly. There is a chance the trend has changed and we are into Elliot wave 5 down from the 7th June highs. There is a support and resistance level at 114.90 and a point and figure target at 114.45 which could act as consolidation zones. Alternatively the up-trend may simply continue with the 0.1x3 point and figure chart supplying an upside target at 116.00 which has still not been achieved.

    [​IMG]

    外汇交易
    Analysis by: Joaquin Monfort
    Forex4you analyst

    Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
     
Loading...

Share This Page