Technical analysis of EUR/JPY for September 24, 2015 Market Analysis Review

General overview for 24/09/2015 12:30 CET

The upward rally has run out of a steam as the technical resistance at the level of 134.98 is still not broken. Currently, the golden trend line provides a dynamic support for the price, but any breakout lower will directly expose the level of 133.74 for a test.

Support/Resistnace:

134.98 - Technical Resistance

134.35 - WS1

133.74 - Intraday Support

133.46 - WS2

Trading recommendations:

Daytraders should consider opening sell orders at current levels with SL above the level of 134.70 and TP at the level of 133.75.

The material has been provided by InstaForex Company - www.instaforex.com

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