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    Technical analysis of EUR/JPY for March 10, 2015

    General overview for 10/03/2015 09:00 CET

    The current price action is not very violate and the intraday resistance at the level of 131.84 is the key level to more gains. The market trades inside the bearish zone and only a breakout higher would allow wave c purple to unfold. On the other hand, any breakout below the intraday support at the level of 130.69 will be considered as very bearish and next immediate support is at the level of 130.53.

    Support/Resistance:

    130.53 - WS3

    130.69 - Intraday Support

    131.81 - Intraday Resistance

    131.96 - WS2

    132.77 - WS1

    134.32 - Weekly Pivot

    Trading recommendations:

    Not much of any impulsive progression to the upside unfolded, but still daytraders should observe the market and wait for a clear price behavior.

    eurjpy_h1.jpg

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    Sebastian Seliga neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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