empty
 
 
26.06.2014 09:22 AM
Technical analysis of EUR/JPY for June 26, 2014

General overview for 26/06/2014 08:10 CET

As I have mentioned yesterday, the corrective wave b purple of (b) blue might get more complex and time consuming as the market is still testing the intraday resistance at the level of 138.91. Please note that this area has been touched five times already and now it is crucial for the market to decide if it wants to break out higher or fall down. First indication of the bearish wave development comes with weekly pivot breakout and then with intraday support breakout also. Any breakout higher to the bullish zone will be targeting the levels of 139.36 and 139.71.

Support/Resistance:

137.34 - WS2

137.70 - Technical Support

138.18 - WS1

139.36 - WR1

139.71 - WR2

138.27 - Intraday Support

138.53 - Weekly Pivot

138.91 - Intraday Resistance

Trading recommendations:

Due to the very narrow price action, we still have sell stop positions opened two days ago that have the SL above the level of 138.88 and any breakout higher should be considered to be bullish and buy positions should be open with TP at the level of 139.36 and 139.71.

This image is no longer relevant
Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback