empty
 
 
21.07.2014 03:44 PM
Technical analysis of EUR/JPY for July 21, 2014

General overview for 21/07/2014 14:25 CET

The market is still in a consolidation cycle that can be either green wave b of bigger cycle purple wave 2, or wave alt.(iv) green that is a part of an unfinished wave 1 purple. The key level main count is currently at the level of 137.28. Any breakout higher means the main count is valid and the market is going to complete green wave c of purple correction 2. On the other hand, the target for green wave alt.(v) is at the level of 136.07, where several technical supports and projection levels confluence.

Support/Resistance:

139.05 - WR2

138.43 - Wave 4 Top

137.91 - WR1

137.48 - 137.63 - Techncial Resistance

137.32 - Weekly Pivot

137.28 - Intraday Resistance

136.76 - Intraday Support

136.17 - WS1

136.07 - Wave alt.(v) Target Level

Trading recommendations:

Day traders should keep an eye on the key level zone, because any breakout higher invalidates the alternate count. This means long positions are advised only if the weekly pivot level is broken. Nevertheless, the medium term outlook remains bearish.

This image is no longer relevant
Ringkasan
Urgensi
Analitik
Sebastian Seliga
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback