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USDjpy

There are initial signs of a good corrective recovery towards 113.032867 or even 113.174156. Supports at 112.618240 and 112.344910 zone.
Technical Forecast
  • Elliott Waveirregular flat correction down
Key Points
  • Key Point112.23
  • Entry Point112.83
  • Trendline 1112.61
  • Trendline 2112.80
  • Elliott113.44
  • Closing112.63
  • Ex-Low112.61
  • Ex-High113.44
  • Projection112.33
Supports and Resistance levels
  • Support 1112.34
  • Support 2112.06
  • Resistance 1113.17
  • Resistance 2113.72
  • Pivot112.89
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EUR/USD Forecast for Friday 06

There is bearish potential for a fall to 1.1681 while 1.1730 - 1.1745 resist. After this fall a recovery up to 1.1745 or 1.1760 is expected.
Technical Forecast
  • Elliott Waveelongated flat correction down
Key Points
  • Key Point1.1683
  • Entry Point1.1738
  • Trendline 11.1779
  • Trendline 21.1769
  • Elliott1.1788
  • Closing1.1711
  • Ex-Low1.1699
  • Ex-High1.1779
  • Projection1.1640
Supports and Resistance levels
  • Support 11.1681
  • Support 21.1650
  • Resistance 11.1760
  • Resistance 21.1809
  • Pivot1.1730
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EURUSD Analysis

There are initial signs of a good corrective recovery towards 1.0603 or even 1.0613. Supports at 1.0573 and 1.0554 zone.
Technical Forecast
  • Elliott Waveelongated flat correction down
Key Points
  • Key Point1.0550
  • Entry Point1.0590
  • Trendline 11.0578
  • Trendline 21.0590
  • Elliott1.0630
  • Closing1.0575
  • Ex-Low1.0571
  • Ex-High1.0630
  • Projection1.0552

Supports and Resistance levels
  • Support 11.0554
  • Support 21.0533
  • Resistance 11.0613
  • Resistance 21.0651
  • Pivot1.0592
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