empty
 
 
20.01.2015 10:15 AM
Technical analysis of EUR/JPY for January 20, 2015

General overview for 20/01/2015 09:00 CET

The market moved slightly higher above the key level and weekly pivot at the level of 136.80 and now awaits news data to confirm the upward direction. The next level of resistance is the weekly pivot resistance at the level of 138.90. Any breakout above this level will result in entering bullish zone, and higher prices are expected on the market. Only a sustained breakout below the level of 134.73 would invalidate this outlook.

Support/Resistance:

134.74 - Intraday Support

136.80 - Weekly Pivot

137.02 - Intraday Resistance

138.90 - WR1

Trading recommendations:

As advised yesterday, daytraders and swingtraders should now keep buy orders open, with SL below the level of 134.72 and TP at the level of 138.90 with a possible upside extension.

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