EUR/JPY seems to have completed wave B/ and wave C/ may drop lower to 124.41. We may see the expected drop to 124.41 over the coming days. Once the final leg of wave 2/ is completed near 124.41, a new impulsive rally higher to resistance at 129.23 is expected.
Short-term support is seen at 126.10 and again at 125.77 on the way lower towards 124.41
R3: 142.73
R2: 142.28
R1: 141.98
Pivot: 141.33
S1: 140.88
S2: 140.30
S3: 139.90
Trading recommendation:
We will buy GBP again at 138.50
The material has been provided by InstaForex Company - www.instaforex.com
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