Technical analysis of EUR/JPY for September 21, 2015
September 21, 2015 9:10 am
General overview for 21/09/2015 10:00 CET
The low for the wave b green has been made, but is not confirmed so far as the market trades below the golden trendline and below the lower channel line. Both of this lines will be acting as dynamic resistance and only a clear breakout above them will make the bullish scenario possible.
Support/Resistance:
133.49 – WS2
134.35 – WS1
135.20 – Intraday Support
135.91 – Weekly Pivot
135.99 – Intraday Resistance
136.84 – WR1
137.43 – Intraday Resistance
Trading recommendations:
Daytraders should consider opening sell orders with SL above the level of 136.40 and open TP for now. In case of a clear violation of the level 136.40, no sell orders should be opened as the market might be heading towards a new high above the level of 137.43.
The material has been provided by InstaForex Company – www.instaforex.com
General overview for 21/09/2015 10:00 CET
The low for the wave b green has been made, but is not confirmed so far as the market trades below the golden trendline and below the lower channel line. Both of this lines will be acting as dynamic resistance and only a clear breakout above them will make the bullish scenario possible.
Support/Resistance:
133.49 – WS2
134.35 – WS1
135.20 – Intraday Support
135.91 – Weekly Pivot
135.99 – Intraday Resistance
136.84 – WR1
137.43 – Intraday Resistance
Trading recommendations:
Daytraders should consider opening sell orders with SL above the level of 136.40 and open TP for now. In case of a clear violation of the level 136.40, no sell orders should be opened as the market might be heading towards a new high above the level of 137.43.
The material has been provided by InstaForex Company – www.instaforex.com
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