For Traders

Analytical Reviews

Wave analysis

25.11.201513:24 Forex Analysis & Reviews: Technical analysis of EUR/JPY for November 25, 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 25/11/2015:

As anticipated yesterday, the intraday resistance at the level of 13078 has not been broken and the market has made another wave down to complete the wave 5 purple of the ending diagonal structure. The current projected target for wave 5 purple is at the level of 129.50 and a rebound from this level is currently expected.

Support/Resistance:

129.48 - WS2

129.96 - WS1

130.18 - Intraday Resistance

130.78 - Intraday Resistance

Trading recommendations:

Daytraders should consider reopening sell orders from the level of 130.18 with tight SL and TP at the level of 129.50.

Back to the list

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.