empty
 
 
10.07.2015 08:25 AM
Technical analysis of EUR/JPY for July 10, 2015

General overview for 10/07/2015 08:20 CET

After making the double bottom in the hourly chart, the market has sharply rebounded to the upside and currently it is trading at the level of 135.61. Yesterday's intraday resistance acts as support at the level of 135.42. Strong violation of this level and weekly pivot level might stop the further upward wave progression. The targets to the upside are intraday resistance at the level of 136.05 and at the level of 138.16 might be hit.

Support/Resistance:

133.26 - Swing Low

134.98 - Weekly Pivot

135.42 - Intraday Support

136.05 - Intraday Resistance

136.25 - WR1

Trading recommendations:

Daytraders should consider opening buy orders from current price levels with SL below the level of 134.98 and TP at the level of 136.05.

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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