Elliott wave analysis of EUR/JPY for June 25, 2018

We continue to look for more upside here. A break above minor resistance at 1.6933 will call for a continuation higher towards 1.7133 as the next minor upside target on the way higher. Support is now seen at 1.6806 and is expected to be able to protect the downside for a break above 1.6933.

R3: 1.7025
R2: 1.6964
R1: 1.6933
Pivot: 1.6890
S1: 1.6837
S2: 1.6806
S3: 1.6784

Trading recommendation:
We are long EUR from 1.6815 with our stop placed at 1.6730. If you are not long EUR yet, then buy near 1.6806 or upon a break above 1.6933 and use the same stop at 1.6730.

Analysis are provided by InstaForex