empty
 
 
10.11.2014 10:54 AM
Technical analysis of EUR/JPY for November 10, 2014

General overview for 10/11/2014 09:35 CET

The corrective cycle displayed by blue wave 4 is developing into a complex correction. The first support is at the level of 141.66, but it might be easily broken if the last wave of the correction accelerates to the downside. In that case, next support would be at the level of 140.79. When the corrective cycle is completed, another wave to the upside is expected.

Support/Resistance:

144.59 - WR1

144.22 - Technical Resistance

142.91 - Intraday Resistance

142.50 - Weekly Pivot

142.19 - Intraday Support

141.66 - Intraday Support

140.79 - WS1

138.62 - WS2

Trading recommendations:

Day traders should consider opening buy orders from the level of 141.66, with SL below the level of 141.36 and TP at the level of 142.91.

This image is no longer relevant
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback