General overview for 22/09/2015 09:10 CET
As anticipated yesterday, the market made the wave b purple to the upside and reversed just at the lower channel trend line. Currently, the market is about to complete the last leg down, labeled as wave c purple. That whole wave down might be labeled as wave (b) navy. This means there is one more wave to the upside needed to complete the whole corrective cycle.
Support/Resistnace:
132.22 - Swing Low
133.49 - WS2
134.35 - WS1
135.00 - Intraday Resistance
135.91 - Weekly Pivot
Trading recommendations:
Yesterday's sell orders should be now closed as the pair is approaching trend-line support. Any breakout above the level of 135.00 should be considered bullish.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for September 22, 2015 . Thanks for your support.
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