empty
 
 
02.05.2014 08:45 AM
Technical analysis of EUR/JPY for May 2, 2014

General overview for 02/05/2014 07:30 CET

The market is trading in an intraday range zone between the levels of 141.75 and 142.00, but the overall bias is bearish. However, the current wave progression looks like the correction in wave (ii) green has not been finished yet and it might evolve into more complex and time consuming cycle. This means the risk of immediate impulsive wave progression has been decreased and now only a range breakout will be next clue about further wave development.

Support/Resistance:

142.50 - Wave 2 green Top

141.41 - WR2

142.14 - Invalidation Line

142.00 - Intraday Resistance

141.75 - 142.00 - Daily Range Zone

141.75 - Intraday Support

141.45 - Weekly Pivot

Trading recommendations:

Daytraders could try to catch some pips scalping this market if they open a sell stop order from the level of 141.73 with SL above the level of 141.00 and TP at the level of 141.45.

This image is no longer relevant
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback