General overview for 29/04/2014 09:00 CET
The upward wave progression has been finished with a little more extended wave iii black than I had previously thought. Nevertheless, the downside cycle might start very soon on this pair and a breakout below the old wave iv black low is the first confirmation that the top is in place. Support/Resistance:
142.41 - WR2
142.35 - Intraday Resistance
142.14 - Intraday Support
141.89 - WR1
141.68 - Wave iv Low
141.45 - Weekly Pivot
Trading recommendations:
Short positions should be open from the current price levels with SL above the level of 142.42 and TP below the level of 140.97 with a possible downside extension to the level of 140.00.
Short positions should be open from the current price levels with SL above the level of 142.42 and TP below the level of 140.97 with a possible downside extension to the level of 140.00.
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For detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for April 29, 2014 . Thanks for your support on Technical analysis of EUR/JPY for April 29, 2014
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