FX.co ★ Technical analysis of EUR/JPY for October 26, 2015

General overview for 26/10/2015 08:10 CET

The abc green structure had been completed and the current low at 133.36 might be the bottom for the wave E black and the whole corrective structure might be completed. Nevertheless, there is no market confirmation of this scenario yet, so we need to wait and see if any impulsive structure to the upside develops.

Support/Resistnace:

133.65 - Intraday Support

134.25 - Intraday Resistance

134.31 - Weekly Pivot

135.24 - WR1

Trading recommendations:

Day traders should consider buying on dips in this market, with SL below the level of 133.65 and TP at the level of 134.25.