EUR/JPY H1 analysis for November 12, 2013
November 12, 2013 8:30 amVideo
Latest News
- Analysis of EUR/USD pair on May 24, 2024 May 24, 2024
- Analysis of GBP/USD pair on May 24th. Another British report showed weakness, but who cares? May 24, 2024
- USD/JPY: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- GBP/USD: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- EUR/USD: Simple trading tips for novice traders for May 24th (US session) May 24, 2024
- GBP/USD: trading plan for the US session on May 24th (analysis of morning deals). Sellers missed 1.2700 May 24, 2024
- EUR/USD: trading plan for the US session on May 24th (analysis of morning deals). The euro is not going to give up May 24, 2024
- EUR/USD. May 24th. The bears are starting to go on the offensive May 24, 2024
- Forecast of GBP/USD pair on May 24, 2024 May 24, 2024
- Trading Signals for EUR/USD for May 24-28, 2024: sell below 1.0864 (200 EMA – 21 SMA) May 24, 2024
- Trading Signals for GOLD (XAU/USD) for May 24-28, 2024: buy above $2,333 (200 EMA – oversold) May 24, 2024
- Weekly Forex Outlook: 24/05/2024 – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – Is the pause in NGAS a warning signal? May 24, 2024
- Technical Analysis – USDCAD eases slightly after bullish rally May 24, 2024
- Week Ahead – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – GBPJPY continues its journey north May 24, 2024
- Video market update for May 24, 2024 May 24, 2024
- Forex forecast 05/24/2024: EUR/USD, GBP/USD, USD/CAD, Gold and Bitcoin from Sebastian Seliga May 24, 2024
- USD/JPY: trading tips for beginners for European session on May 24 May 24, 2024
- GBP/USD: trading tips for beginners for European session on May 24 May 24, 2024
General overview for 12/11/2013 06:40 CET
The target level mentioned in yesterday’s analysis has been hit and now we have a first clue that the Triple ZigZag correction might be done here on 50% Fibo of a larger swing and 88.6% Fibo of a lower swing. But we cannot be sure whether the correction is over or not in this cycle as long as price is moving in the upward channel. It is possible for the price to hit the SUPPLY zone as well. However, if this zone is broken, this will be first clue waves WXY brown in the count are finished and wave B black of alternate count is in place, and so then downward progression is terminated on 131.21 low.
Support/Resistance:
131.21 – Swing Low | WS1 |
132.19 – Intraday Support
132.45 – Weekly Pivot
132.90 – Intraday Support
133.13 – Intraday Support
133.32 – 50% Fibo
133.60 – 133.70 – SUPPLY ZONE | WR1 |
133.82 – 61% Fibo
Trading recommendations:
Sell zone shorts should be in play in anticipation of corrective leg up termination and downtrend resumption. Sl is above SUPPLY ZONE and TP is below the 132.21 level.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: