General overview for 29/10/2015 09:50 CET
After recent developments, a triangle idea of wave B blue was abandoned and charts were updated. It looks like the corrective cycle is evolving a more complex
and time-consuming triple-three complex corrective pattern where wave Z black must be already completed. To complete this wave, the market needs to break below the level of 131.07. From that level, the re-bound and trend resumption is highly possible.
Support/Resistance:
131.28 - WS2
131.54 - 223%Fibo
131.58 - Intraday Support
132.28 - WS1
132.68 - Intraday Resistance
Trading recommendations:
Day traders should refrain from trading until the next trading setup will occur.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for October 29, 2015 . Thanks for your support.
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