General overview for 28/04/2014 17:00 CET:
The anticipated wave (c) blue to the upside has finally materialized and has hit the level of 61% Fibo as anticipated in previous analysis. Currently it looks like the corrective wave progression is over and downside trend should resume.
Support/Resistance:
1432.41 - WR2
142.16 - 61%Fibo
141.83 - WR1
141.74 - Intraday Support
141.45 - Weekly Pivot
140.97 - 141.06 - Supply Breakthrough Zone
140.89 - WS1
140.51 - WS2
Trading recommendations:
Short positions should be open from current price levels with SL above the level of 141.17 and TP below the level of 140.97 with a possible downside extension to the level of 140.00.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for April 28, 2014 . Thanks for your support on Technical analysis of EUR/JPY for April 28, 2014
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