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Technical analysis of EUR/JPY for December 1, 2015

General overview for 01/12/2015 12:10 CET

An Ending Diagonal pattern looks completed now and an uptrend should resume soon. The most important level is still intraday resistance at 130.79 and only if this level is clearly violated, the upward wave progression will continue unfolding.

Support/Resistance:

129.33 - WS1

129.64 - Intraday Support

130.18 - Weekly Pivot

130.47 - Intraday Resistance

130.71 - WR1

130.78 - Intraday Resistance

131.57 - WR2

132.06 - WR3

Trading recommendations:

Day traders should still keep buy orders open with SL below the level of 129.64 and TP at the level of 130.18 and then at 130.78.

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