empty
 
 
11.12.2015 10:56 AM
Technical analysis of EUR/JPY for December 11, 2015

General overview for 11/12/2015 09:40 CET

The wave c green bottom occurred at the projected level and a strong rebound made the price to break above the intraday resistance line. Nevertheless, the black short-term trend line has not been violated yet and it is still possible that the corrective structure will evolve more complex and time-consuming pattern ahead of the next week's very important Fed's meeting.

Support/Resistance:

134.16 - Intraday Resistance

133.06 - Weekly Pivot

132.75 - Intraday Support

131.56 - WS1

Trading recommendations:

Day traders should refrain from trading and wait for a better trading setup to occur, because current risks to reward ratio are too big for any trade.

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