empty
 
 
15.08.2013 12:07 PM
EUR/JPY H1 analysis for August 15, 2013

General overview for 15/08/2013 09:30 CET:

The price is currently testing critical intraday support zone at 129.71 - 129.95. The current price action is full of whipsaws, that is typical for a corrective cycle, not for an impulsive cycle.

A lack of impulsive wave progression to the downside puts alternate count more probable now: this means new high is possible if golden trend line is broken. Nevertheless, the immediate target for alternate wave (v) is still at 130.79 level and price should get rejected from this level.

On the other hand, no trend line break will expose the 129.71 level for another test, and if this level gets broken, then next support for price is Weekly Pivot at 129.17.

Support/Resistance:

127.99 - 128.22 - DEMAND ZONE

128.91 - Intraday Support

129.17 - Weekly Pivot

129.71 - Technical Support | Wave a Low |

129.71 - 129.95 - Intraday Support Zone

130.65 - Intraday High

130.79 - Wave (v) Target Projection

Trading recommendations:

If golden trend line is broken - long positions should be in play with tight SL and potential TP @ 130.79.

If golden trend line is not broken - short positions should be in play with SL above the recent high and potential TP @ 129.71

This image is no longer relevant

Sebastian Seliga,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback