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    Technical analysis of EUR/JPY for January 2, 2015

    General overview for 02/01/2015 11:30 CET

    The first stages of a corrective cycle in wave (b) blue are in progress. The first important level is intraday resistance at the level of 145.56 because any violation of this level might lead to further gains in this pair. If it happens, then the next most important level will be the key level acting as an intraday resistance again at the level of 146.39. Only a breakout above this level might be considered as a trend changer and further gains towards the level of 148.23 might be seen as the impulsive wave structure unfolds.

    Support/Resistance:

    149.76 - Technical Resistance|Swing High|

    148.35 - WR3

    148.23 - Technical Resistance

    147.74 - WR2

    147.17 - WR1

    146.54 - Weekly Pivot

    146.39 - Intraday Resistance|Key Level|

    145.92 - WS1

    145.70 - Technical Support

    145.39 - WS2

    144.75- Intraday Support|Swing Low|

    144.82 - WS3

    Trading recommendations:

    Daytraders should consider opening buy stop orders from the level of 145.60 with SL below the level of 144.75 and TP at the level of 146.39.

    eurjpy_h1.jpg

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    Sebastian Seliga neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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