empty
 
 
31.01.2014 12:46 PM
Technical analysis of EUR/JPY for January 31, 2014

This image is no longer relevant

General overview for 31/01/2014 10:00 CET

The target for wave (v) blue has been missed by mere 10 pips and it looks like the market had finished the impulsive wave progression to the downside and now it is trying to bounce from the lows. The next cycle should be a corrective wave B green, that might retrace first to the grey rectangle area between the levels of 139.47 - 139.58 or hit the previous wave four area at the level of 139.93. Moreover, the weekly pivot should provide good resistance and it should stop any upside rally. On the other hand, any break out lower below the level of 138.66 is bearish and wave (v) will be extended down to the level of 137.96.

Support/Resistance

137.96 - WS1

138.66 - Intraday Support

139.21 - Intraday Resistance

139.47 - 139.58 - Demand Breakthrough Zone

139.93 - Previous wave four level

140.17 - Weekly Pivot

Trading recommendations:

Break out below the level of 138.66 is bearish and buy stop orders should be opened from this level with SL above the level of 139.21 and TP at the level of 137.96.

Sebastian Seliga,
Especialista em análise na InstaForex
© 2007-2025
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 $6000 mais!
    Em Dezembro nós sorteamos $6000 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