empty
 
 
22.04.2015 09:07 AM
Technical analysis of EUR/JPY for April 22, 2015

General overview for 22/04/2015 09:00 CET

The supply zone between the levels of 128.57 - 128.77 is being tested for the fourth time (orange circles) as the impulsive wave progression in wave a purple is done. Currently, the market might pull back a little to make the wave b purple and then try to rally to the upside in the last wave c purple of the wave (c) blue. Please notice that any breakout higher above the level of 1288.78 is bullish for the short term and the next projected target is at the level of 129.94.

Support/Resistance:

129.94 - WR1

128.57 - 128.77 - Supply Zone

128.20 - Intraday Support

128.01 - Weekly Pivot

127.27 - WS1

Trading recommendations:

Daytraders should consider opening buy orders only if the level of 122.78 is clearly violated, with SL below the level of 122.57 and TP at the level of 129.94.

This image is no longer relevant


Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 April 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback