empty
 
 
14.10.2015 02:06 PM
Technical analysis of EUR/JPY for October 14 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair might still be looking to drop to the 135.00/50 levels at least before turning bullish again. As depicted here, the trade cycle that began from the 133.20 levels seem to be completed at the 136.70/80 levels, and a pullback could take place before rally continues. It is hence recommended to remain flat for now and look to enter on a bounce around the 135.00 levels. Immediate support is seen at the 135.00 levels followed by 134.50, 133.00 and lower, while resistance is seen at the 137.00 levels and higher. Bulls should remain in control until prices stay above the 133.00 levels.

Trading recommendations:

Remain flat for now.

Good luck!

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