Technical analysis of EUR/JPY for November 13, 2015 Market Analysis Review

General overview for 13/11/2015 09:00 CET

Another fake breakout from the triangle pattern made the current structure even more complex and time-consuming. The key level is the weekly pivot support at the level of 131.46 and only if this level is violated, the market will accelerate to the downside towards the next support at the level of 130.62.

Support/Resistnace:

130.62 - WS2

131.46 - WS1

132.12 - Intraday Support

132.34 - Weekly Pivot

132.75 - Intraday Resistnace

Trading recommendations:

All sell orders should be closed as they hit the TP level yesterday, so now traders should wait for another trading setup to occur.

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 13, 2015 . Thanks for your support.