empty
 
 
11.03.2016 04:25 AM
Technical analysis of EUR/JPY for March 11, 2016

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair rallied through the levels of 126.80 yesterday. The pair is trading at 126.50 now, looking for an opportunity to reverse lower below 122.00. Please note that the rally from 122.00 is likely to be corrective until now, and a bearish reversal here would bring bears back into control. The wave structure also reveals that the pair might just have completed wave 4 corrective rally that begun from 122.00 earlier. It is hence recommended to take profits on long positions taken earlier and turn bearish now with risk at 128.50. Immediate resistance is seen at the level of 128.20, while support is found at 123.50. Watch out for a bearish reversal at the current levels.

Trading recommendations:

Please take profits on long positions taken earlier and turn bearish with stop at 128.50, a target is open.

Good luck!

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 $9000 more!
    In May we raffle $9000 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