InstaForex - Analytics

    InstaForex

    734.75 6.25/10
    62% of positive reviews
    Real

    Technical analysis of EUR/JPY for April 23, 2015

    General overview for 23/04/2015 08:05 CET

    The supply zone had been finally violated, but the market was not able to break out higher and pulled back for now. Currently, the price is consolidating just above the weekly pivot at the level of 128.01. A downward breakout lower would mean more decline in wave b purple down to the level of 127.27. On the other hand, any breakout higher above the level of 128.95 will continue the wave c purple to the upside, which is targeting the level of 128.94 before any meaningful reversal.

    Support/Resistance:

    129.94 - WR1

    128.95 - Intraday Resistance

    128.57 - 128.77 - Supply Zone

    128.11 - Intraday Support

    128.01 - Weekly Pivot

    127.27 - WS1

    Trading recommendations:

    Daytraders should consider to open:

    - buy orders from current price levels with SL below the level of 128.11 and TP at the level of 128.95 with a possible upside extension.

    - sell orders only if the level of 128.00 is clearly violated, with SL above the level of 128.27 and TP at the level of 127.27

    eurjpy_h1.jpg

    Show full picture


    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
    InstaForex Group © 2007-2015

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree