empty
 
 
21.11.2023 08:29 AM
Elliott wave analysis of EUR/JPY for November 21, 2023

The corrective decline in wave 4/ continues to unfold as expected and we should soon see a break below minor support at 162.13 for a continuation lower to test the next more substantial support at 159.75.

Short-term resistance is seen near 162.44 which ideally will act as a cap for the expected decline through minor support at 162.13 towards 159.75 and ultimately lower towards 154.00.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback