FX.co ★ Technical analysis of EUR/JPY for October 23, 2015

General overview for 23/10/2015:

After an impulsive break below the break-through supply zone, the current wave c green has hit 127% Fibo at 133.62 and weekly pivot support at the level of 133.56. The three-wave structure might be the first sign of the completed wave E of the triangle.

Support/Resistnace:

133.40 - Intraday Support

133.56 - WS2

133.62 - 127%Fibo

134.26 - Intraday Resistnace

134.45 - WS1

Trading recommendations:

The TP level recommended yesterday were hit and the short traders advised through the week made profits. Congratulations to all the traders who managed to succeed!