25.04.201212:59 Forex Analysis & Reviews: EUR/JPY Rally To Continue Further - Technical Analysis and Trading Recommendations

Long-term review

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General overview for 20/02/2015 09:30 CET

The market is approaching the key level zone and any breakout below the level of 133.91 would invalidate the triple three scenario in the present form. That would mean the corrective structure might still be in progress. However, the shape of this structure might differ from the anticipated one and the level of 137.64 will not be hit.

Support/Resistance:

132.19 - WS2

133.73 - WS1

133.91 - Intraday Support|Key Level|

134.78 - Intraday Resistance

Trading recommendations:

Daytraders should open only a sell orders from the current price levels with SL above the level of 134.78 and TP at the level of 133.91.

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