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    Technical analysis of EUR/JPY for October 9, 2015

    General overview for 09/10/2015 09:30 CET

    An upward move has finally started showing some impulsive signs in wave progression. According to the Elliott wave count, the market is now in wave (iii) green of the overall upward progression and it should reach the level of 137.47 as the first target projection for wave (c) blue.

    Support/Resistance:

    137.44 - Technical Resistnace

    136.12 - WR2

    136.00 - Intraday Resistnace

    135.43 - WR1

    Trading recommendations:

    Daytraders should consider opening buy orders from the current price levels with SL below the level of 135.98 and TP at the level of 137.44.

    eurjpy_h1.jpg

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