EUR/JPY H1 analysis for October 29, 2013
October 29, 2013 10:30 amVideo
Latest News
- Analysis of EUR/USD pair on May 31st. EU inflation supports the euro May 31, 2024
- Analysis of GBP/USD pair on May 31st. The PCE index also works against the dollar May 31, 2024
- USD/JPY: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- Technical Analysis – US 100 stock index might lose more in short-term May 31, 2024
- EUR/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: trading plan for the US session on May 31st (analysis of morning deals). The pound was bought in the area of 1.2706 May 31, 2024
- EUR/USD: trading plan for the US session on May 31st (analysis of morning deals). The euro continued to grow May 31, 2024
- EUR/USD. May 31st. The economic data stopped the bears again May 31, 2024
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
General overview for 29/10/2013 09:00 CET
Yesterday, Irregular Flat correction that should end somewhere into SUPPLY zone did not materialse, and the high of this move up was labeled as wave c green.
Currently, the wave progression is far from impulsive, so it looks like a Triangle formation in wave (b) navy will be formed, before further downside movement.
There are two waves missing to complete this Triangle pattern. The high for wave (b) should not be above the 134.93 level.
Possible target level for wave e green of (b) navy is just above the Weekly Pivot. If this level is broken, next one is SUPPLY zone.
Two possible ending for wave (b) of the Triangle are in the charts.
Support/Resistance:
135.48 – Swing High
135.08 – 135.16 – SUPPLY ZONE
134.93 – Intraday High
134.59 – Weekly Pivot
134.52 – Intraday Resistance
133.88 – Intraday Support
133.69 – WS1
133.60 – Technical Support
Trading recommendations:
Short at the level of 134.78 with SL above 134.94 and TP at 133.03
OR
Short at the level of 135.08 with SL above 135.17 and TP at 133.03.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: