empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

08.04.201409:58 Forex Analysis & Reviews: Technical analysis of EUR/JPY for April 8, 2014

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

General overview for 08/04/2014 08:45 CET

The grey rectangle area provided the resistance as anticipated and those of traders who entered short positions from the levels recommended yesterday should be in profit by now. Currently, there is still a possibility of downside extension to the level of 140.70 min as the price is now in a possible triangle formation wave 4 red. Only a sustained breakout above the weekly pivot at the level of 141.90 invalidates the downside extension scenario.

Support/Resistance:

143.47 - Swing High

142.56 - WR1

141.90 - Weekly Pivot

141.96 - 141.77 - Techncial Resistance

141.11 - Intraday Support

140.70 - 78%Fibo

Trading recommendations:

Keep short positions open for the target at the level of 140.70 min. Possible downside extension is to the level of 140.41.

Exchange Rates 08.04.2014 analysis

Sebastian Seliga
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off