logo

FX.co ★ Technical analysis of EUR/JPY for Febuary 20, 2015

Technical analysis of EUR/JPY for Febuary 20, 2015

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.

Technical analysis of EUR/JPY for Febuary 20, 2015
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account