empty
 
 
05.12.2014 09:27 AM
Technical analysis of EUR/JPY for December 5, 2014

General overview for 05/12/2014 08:10 CET

The impulsive wave progression continues to the upside with another impulsive wave made yesterday. The top of this wave has hit the upper golden channel boundary at the level of 148.92 and reversed sharply to test the intraday support at the level of 148.17 and bounce. To confirm the intraday bullish bias, the market must break out above the swing high at the level of 149.15 and target the level of 149.76. Otherwise, the wave progression might evolve into an alternative count, that is still indicating rather complex and time-consuming wave X brown possibility before the sell-off.

Support/Resistance:

149.76 - WR2

149.15 - Swing High|Intraday Resistance|

149.11- WR1

148.17 - Intraday Support

147.34 - Weekly Pivot

147.02 - Intraday Support

146.55 - WS1

145.70 - Higher Time Frame Technical Support

144.89 - WS2

144.54 - 144.78 - Target Projection For Wave Y Brown

Trading recommendations:

Yesterday's buy stop orders from the level of 148.17 should be still kept opened and SL should be moved to the break even level. The target is still at the level of 149.11.

This image is no longer relevant

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback