General overview for 22/08/2014 10:00 CET
This is the last chance scenario for bears impulsive count before the level of 138.02 will be violated and the impulsive count invalidated. Breakout below the golden trendline is the key for further downside move.
Support/Resistance:
138.02 - Swing High | Invalidation Level | Key Level|
137.70 - WR1
137.45 - Intraday Support
137.03 - Weekly Pivot
Trading recommendations:
Day traders should consider opening sell orders from the current market price with SL above the level of 138.02 and first TP at the level of 137.45.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for August 22, 2014 . Thanks for your support on Technical analysis of EUR/JPY for August 22, 2014
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