Technical analysis of EUR/JPY for December 10, 2015 Market Analysis Review

General overview for 10/12/2015 09:40 CET

The wave b green corrective cycle looks completed and now another wave down is ready to develop. The potential target levels are 132.92 and 132.12 in case of extension.

Support/Resistance:

134.16 - Intraday Resistance

133.47 - Intraday Support

133.06 - Weekly Pivot

132.92 - First Target Level

132.12 - Second Target Level

131.56 - WS1

Trading recommendations:

Day traders should consider opening sell orders from current market levels with SL above the level of 134.16 and TP at the level of 132.92.

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

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