FX.co ★ Technical analysis of EUR/JPY for September 9, 2015

General overview for 09/09/2015 09:30 CET

The level of 134.68 was violated, so the green impulsive count to the downside had been invalidated. The bottom for wave C black is now set at the level of 132.22. The current corrective structure labeled as abc purple might just be a part of a lager corrective (a)(b)(c) blue cycle with targets at the levels of 135.59 and 136.38.

Support/Resistnace:

136.68 - 61%Fibo

135.81 - Intraday Resistnace

135.59 - 50%Fibo

134.80 - WR1

134.25 - Intraday Support

133.50 - Weekly Pivot

Trading recommendations:

Sell orders from the level of 136.68 should still be in play with SL above the level of 135.10 and TP at the level of 134.25 and 133.50.