There was no time for a corrective rally closer to 132.54. EUR/JPY stopped at 131.67 and moved directly lower with the next downside target seen near 129.94 and then at 128.93 on the way lower to the ideal wave C target near 124.94.
R3: 131.67
R2: 131.14
R1: 130.58
Pivot: 130.23
S1: 129.87
S2: 129.50
S3: 128.93
Trading recommendation:
Sell EUR - 50% at 130.55 and 50% at 131.00 if possible
The material has been provided by InstaForex Company - www.instaforex.com
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