General overview for 16/09/2015 08:10 CET
The first three waves down are completed labeled as wave (b) blue, but this wave might get more complex and time-consuming. Moreover, the market broke out of the black channel testing it from the downside. Mow it is trying to continue to move downwards. A breakout below the intraday support at the level of 135.00 is needed to confirm this scenario.
Support/Resistnace:
138.80 - WR1
137.09 - Intraday Resistnace (strong)
135.47 - Intraday Support
135.88 - Intraday Resistance (weak)
135.72 - Weekly Pivot
134.53 - WS1
Trading recommendations:
Yesterday's buy orders had not hit the anticipated TP level ( 30 pips miss), but overall it was a good, profitable trading idea. Due to the FED meeting later on tonight the traders should refrain from trading.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for September 16, 2015 . Thanks for your support.
No comments:
Post a Comment