General overview for 10/06/2015 16:25 CET
As anticipated from the beginning of the week the corrective wave C green finally is about to hit the support breakthrough zone between the levels of 138.31 and 138.03. Moreover, the corrective cycle might even get extended lower to the 50%Fibo at the level of 137.91 if the grey rectangle area is violated. Nevertheless, the most important support is seen at the level of 136.95.
Support/Resistance:
141.05 - Swing High|Intraday Resistance|
138.88 - Intraday Support
138.71 - Weekly Pivot
138.03 - 138.32 - Supply Breakthrough Zone
136.95 - Technical Support
Trading recommendations:
The yesterday's TP has been hit and the market is testing a very important level now. So, traders should stay aside and wait for market response.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for June 10, 2015 . Thanks for your support.
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