Today's Support and Resistance Levels:
R3: 142.23
R2: 141.89
R1: 141.55
Current Spot: 141.41
S1: 141.15
S2: 140.90
S3: 140.60
Technical Summary:
I do expect more downside pressure, but green wave ii has become much larger than expected, however, it is allowed to correct all of green wave i, which means a return to 141.55, but it can not break above this important resistance even with one pip as that would change my preferred short term count to a more complex blue wave iv correction. If however, resistance at 141.55 does protect the upside for a break below 141.15 and more importantly a break below 140.82 I will be looking for green wave iii towards 139.72 and maybe even slightly deeper towards 139.43.
Hi EWS,
ReplyDeleteEURJPY recent movement really unpredictable and it look like high possibility 141.55 going break soon. What if your alternative idea 141.55 was clear break?
Hi Juan,
DeleteI have just updated my alternative count as the break above 141.55 invalidated my previous count.
It's not that different and slightly longer term I'm still looking for additional downside.
Kind regards
EWS