General overview for 21/01/2015 09:30 CET
Despite the yesterday's breakout above the level of 137.02 and entering the neutral zone, the market was unable to hold the gains and currently is testing the golden trend line from the upside. It is still possible that another leg upward will be made above the intraday resistance at the level of 137.64. So far the price sits at the golden trend line support and waits for the data.
Support/Resistance:
134.72 - Intraday Support
136.80 - Weekly Pivot
137.64 - Intraday Resistance
138.90 - WR1
Trading recommendations:
As it was advised all week long, buying on the dips on this market is the way to trade it with the SL orders placed just below the level of 134.12.
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 January 21, 2015 . Thanks for your support.
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