Technical analysis of EUR/JPY for June 25, 2015 Market Analysis Review

General overview for 25/06/2015 07:45 CET

The corrective cycle in wave -iv- blue turned out to be a wave three flat correction. Now the market is in another downward cycle. The important levels are still the same as the price action inside of the corrective cycle was mainly a range bound between the intraday support at 138.19 and intraday resistance at 139.25. Please notice the most important area is supply breakthrough zone between the levels of 138.29 and 137.98. Any breakout below this zone will trigger even sharper decline towards the weekly support pivot at the level of 137.07 (min).

Support/Resistance:

137.07 - WS2

137.98 - 138.29 - Supply Breakthrough Zone

138.19 - Intraday Support

138.50 - WS1

139.25 - Intraday Resistance

Trading recommendations:

The sell orders should be still kept open as the corrective cycle looks completed now and traders should keep an eye on grey rectangle area for any possible break out lower. The first target level, if the grey zone is violated, is the weekly pivot support at the level of 137.07.

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Technical analysis of Silver for June 25, 2015 Market Analysis Review

Technical outlook and chart setups:

On Tuesday, silver dropped marginally lower to the level of $15.75 before pulling back again. The metal is trading around $15.93 now and the H4 chart view suggests further upside movement here. The metal broke below the trend-line support, but is still seen to be holding previous support at $15.60. It is hence recommended to remain long now with risk at $15.30. Immediate support is seen at the level of $15.60 followed by $15.30 and lower while resistance is seen at $16.40 (interim) followed by $17.20, $17.70, and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, a target is open.

Good luck!

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Technical analysis of EUR/JPY for June 25, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is trading around 138.50 now, but the pair had dropped to 138.00 in early trading hours yesterday before pulling back. As seen here, the support trendline has provided targeted bounce at 138.00. It is hence recommended to remain long for now, with risk at 137.70. Immediate support is seen at 138.00 (interim) followed by 135.00, 133.00, and lower. Resistance is seen at 140.00 (interim) followed by 141.00 and higher respectively.

Trading recommendations:

Remain long, stop is at 137.70, a target is open.

Good luck!

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Technical analysis of GBP/CHF for June 25, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair is trading around 1.4650 at the moment after taking out resistance yesterday and hittig highs of 1.4750/60. The structure remains encouraging for bulls. There is potential for extension to 1.5000/50 and higher at coming sessions. A short correction can take place from here, which could be an opportunity to buy again. It is recommended to book profits on long positions taken earlier and look for an opportunity to enter at lower levels again. Immediate support is seen at 1.4500 followed by 1.4400, 1.4300, and lower. Rresistance is seen at 1.4750 (interim) followed by 1.5000 and higher respectively.

Trading recommendations:

Book profits on long positions taken earlier, buy at lower levels.

Good luck!

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Daily analysis of major pairs for June 25, 2015 Market Analysis Review

EUR/USD: The market is bearish in the near term, though the movement is developing some equilibrium propensity.The price is likely to go further south. Any rallies here would proffer new short-selling opportunities.

USD/CHF: There is a bullish signal on the USD/CHF chart and it would be valid as long as the support level at 0.9250 is not breached to the downside. Unless that happens, any short-term bearish corrections would be seen as an opportunity to buy long in this market. The current dip may be a potential opportunity to buy.

GBP/USD: This market has gone down by 200 pips this week causing a morbid threat to the recent bullish outlook. It is not logical to go long in this market unless the distribution territory at 1.5800 is crossed to the upside. Any movement below the accumulation territory at 1.5600 would result in a clean Bearish Confirmation Pattern (especially as the market goes further downwards). By then, the EMA 11 would cross the EMA 56 to the downside. The RSI period 14 is already below the level of 50.

USD/JPY: This currency trading instrument moved above the demand level at 123.50 threatening to slash above the supply level of 124.00. In case this happen, the next target would be the supply level at 124.50. However, a failure to do that could result in a smooth southward dive, making the price reach few demand levels.

EUR/JPY: There is a vivid weakness in this market – it could go further downwards. However, whatever happens to the EUR would determine the fate of the EUR/JPY. So, weak EUR would mean a persistent bearish trend here.

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Technical analysis of EUR/USD for June 25, 2015 Market Analysis Review

When the European market opens, economic data on the GfK German Consumer Climate is due.The US will release economic data on the Natural Gas Storage, Flash Services PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Unemployment Claims. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1260.

Strong Resistance:1.1254.

Original Resistance: 1.1243.

Inner Sell Area: 1.1232.

Target Inner Area: 1.1206.

Inner Buy Area: 1.1180.

Original Support: 1.1169.

Strong Support: 1.1158.

Breakout SELL Level: 1.1152.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for June 25, 2015 . Thanks for your support.

Technical analysis of USD/JPY for June 25, 2015 Market Analysis Review

In Asia, Japan is not expected to release economic data today. The US will publish reports on the Natural Gas Storage, Flash Services PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Unemployment Claims. So, there is a strong probability that USD/JPY will move with low to medoium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.55.

Resistance. 2: 124.30.

Resistance. 1: 124.06.

Support. 1: 123.77.

Support. 2: 123.52.

Support. 3: 123.28.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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 USD/JPY for June 25, 2015 . Thanks for your support.