Technical analysis of EUR/JPY for November 30, 2015 Market Analysis Review

General overview for 30/11/2015 07:40 CET

An Ending Diagonal pattern is almost completed and an uptrend should resume as soon as the wave (c) blue is terminated. Any breakout above the intraday resistance at the level of 130.78 is first indication of a medium-term bullish reversal in progress.

Support/Resistance:

129.33 - WS1

129.64 - Intraday Support

130.18 - Weekly Pivot

130.47 - Intraday Resistance

130.71 - WR1

130.78 - Intraday Resistance

131.57 - WR2

132.06 - WR3

Trading recommendations:

Day traders should consider placing buy orders from current market levels with SL below the level of 129.64 and TP at the level of 130.18 and then at 130.78.

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

For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for November 30, 2015 . Thanks for your support.