InstaForex - Analytics

    InstaForex

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    Technical analysis of EUR/JPY for November 13, 2015

    General overview for 13/11/2015 09:00 CET

    Another fake breakout from the triangle pattern made the current structure even more complex and time-consuming. The key level is the weekly pivot support at the level of 131.46 and only if this level is violated, the market will accelerate to the downside towards the next support at the level of 130.62.

    Support/Resistnace:

    130.62 - WS2

    131.46 - WS1

    132.12 - Intraday Support

    132.34 - Weekly Pivot

    132.75 - Intraday Resistnace

    Trading recommendations:

    All sell orders should be closed as they hit the TP level yesterday, so now traders should wait for another trading setup to occur.

    eurjpy_h1.jpg

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