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Technical analysis of EUR/JPY for September 26, 2016

General overview for 26/09/2016:

The first wave upward from the low at the level of 112.06 may be labeled as impulsive, so now the market is in internal corrective sub-cycle. The key level for bulls is the intraday support at 112.60. The correction should be completed before the price reaches this level.

Support/Resistance:

112.06 – Intraday Support

112.24 – WS1

112.60 – Intraday Support

113.30 – Weekly Pivot

113.61 – Intraday Resistance

114.54 – WR1

115.63 – WR2

Trading recommendations:

Day traders should consider opening buy orders from the current price levels with SL just below the level of 112.60. TP should be left open for now.

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The material has been provided by InstaForex Company – www.instaforex.com

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Technical analysis of EUR/JPY for September 26, 2016 Reviewed by on . General overview for 26/09/2016:The first wave upward from the low at the level of 112.06 may be labeled as impulsive, so now the market is in internal correcti General overview for 26/09/2016:The first wave upward from the low at the level of 112.06 may be labeled as impulsive, so now the market is in internal correcti Rating:
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