empty
 
 
18.11.2015 09:16 AM
Technical analysis of EUR/JPY for November 18, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY remains more or less unchanged from yesterday trading around 131.25 at the moment. Please note that bulls are expected to regain control from here on, but prices need to stay above at least 130.60. At the moment, prices are bouncing from the Fibonacci 0.786 support of a rally between 130.60 and 132.20/30. It is expected to push the pair higher through the levels of 133.20/30. It is recommended to hold on long positions with risk at 130.30. Immediate support is seen at 130.60, while resistance is seen at 133.20.

Trading recommendations:

Remain long with stop at 130.30, targets are at 133.20 and 134.70.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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