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26.10.201509:15 Forex Analysis & Reviews: Technical analysis of EUR/JPY for October 26, 2015

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 26/10/2015 08:10 CET

The abc green structure had been completed and the current low at 133.36 might be the bottom for the wave E black and the whole corrective structure might be completed. Nevertheless, there is no market confirmation of this scenario yet, so we need to wait and see if any impulsive structure to the upside develops.

Support/Resistnace:

133.65 - Intraday Support

134.25 - Intraday Resistance

134.31 - Weekly Pivot

135.24 - WR1

Trading recommendations:

Day traders should consider buying on dips in this market, with SL below the level of 133.65 and TP at the level of 134.25.

Exchange Rates 26.10.2015 analysis

Sebastian Seliga
Analytical expert of InstaForex
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