General overview for 26/11/2015 09:50 CET
The ending diagonal pattern probably needs only one sub-wave lower to complete. The target is still at the level of 129.50, but the bullish divergence between the price and momentum indicator supports the rebound scenario.
Support/Resistance:
129.48 - WS2
129.76 - Intraday Support
129.96 - WS1
130.47 - Intraday Resistance
130.78 - Intraday Resistance
Trading recommendations:
Daytraders should wait for the TP at the level of 129.50 to be hit.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for November 26, 2015 . Thanks for your support.
No comments:
Post a Comment