InstaForex - Analytics

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    Technical analysis of EUR/JPY for November 2, 2015

    General overview for 02/11/2015: 13:10 CET

    The consolidation in the wave b purple is now taking place as the demand break-through zone has not been violated. This situation might last up to the Friday US dataon non-farm payrolls, so any waves evolving into more complex corrections should not be surprising.

    Support/Resistnace:

    131.58 - Intraday Support

    131.75 - WS1

    132.82 - Weekly Pivot

    133.73 - Intraday Resistance

    133.70 - 133.92 - Demand Breakthrough Zone

    Trading recommendations:

    Day traders should refrain from trading until a more clear trading setup occurs.

    eurjpy_h1.jpg

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