InstaForex - Analytics

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    Technical analysis of EUR/JPY for November 3, 2015

    General overview for 03/11/2015: 08:30 CET

    The market keeps trading in a tight congestion zone just around the weekly pivot at the level of 132.81. This situation might last up to the Friday US data on 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 clearer trading setup occurs.

    eurjpy_h1.jpg

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