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    Technical analysis of EUR/JPY for March 31, 2015

    General overview for 31/03/2015 15:50 CET

    The current Elliott wave count is the last chance for bulls to push the market higher in order to complete the wave (c) blue, otherwise the alternative count will be in play. Please notice that the bullish divergence is supporting the upward scenario.

    Support/Resistance:

    127.55 - WS2

    128.49 - WS1

    128.65 - Intraday Support

    129.14 - Intraday Resistance

    130.00 - Weekly Pivot

    Trading recommendations:

    Daytraders should refrain from trading and wait for more clear pattern to emerge sooner or later.

    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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