empty
 
 
10.03.2016 07:11 AM
Technical analysis of EUR/JPY for March 10, 2016

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair is trading higher at 128.80/90 levels for now, looking to extend rally towards 128.00 levels at least. The structure indicates that the pair might have completed 5 waves drop from 141.00 through 122.00 levels. Furthermore, please note that a corrective rally (3 waves) might have already begun from sub 122.00 levels earlier. The corresponding correction may unfold as a zigzag or a flat, which would be clear soon. It is recommended to remain long now, with risk below 122.00 levels for now. Please also note that upside potential remains up to 133.00 levels, which is fibonacci 0.618 resistance of the entire drop between 141.00 and 122.00 levels respectively. Immediate support is seen at 123.00 levels while interim resistance is at 128.00 levels respectively.

Trading recommendations:

Remain long now, stop at 122.00, a target is 128.00.

Good luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
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