InstaForex - Analytics

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    Technical analysis of EUR/JPY for November 26, 2015

    General overview for 26/11/2015 09:50 CET

    The ending diagonal pattern probably needs only one sub-wave lower to complete. The target is still at the level of 129.50, but the bullish divergence between the price and momentum indicator supports the rebound scenario.

    Support/Resistance:

    129.48 - WS2

    129.76 - Intraday Support

    129.96 - WS1

    130.47 - Intraday Resistance

    130.78 - Intraday Resistance

    Trading recommendations:

    Daytraders should wait for the TP at the level of 129.50 to be hit.

    eurjpy_h1.jpg

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