Technical analysis of EUR/JPY for November 26, 2015 Market Analysis Review

General overview for 26/11/2015 09:50 CET

The ending diagonal pattern probably needs only one sub-wave lower to complete. The target is still at the level of 129.50, but the bullish divergence between the price and momentum indicator supports the rebound scenario.

Support/Resistance:

129.48 - WS2

129.76 - Intraday Support

129.96 - WS1

130.47 - Intraday Resistance

130.78 - Intraday Resistance

Trading recommendations:

Daytraders should wait for the TP at the level of 129.50 to be hit.

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

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