FX.co ★ Technical analysis of EUR/JPY for December 10, 2015

General overview for 10/12/2015 09:40 CET

The wave b green corrective cycle looks completed and now another wave down is ready to develop. The potential target levels are 132.92 and 132.12 in case of extension.

Support/Resistance:

134.16 - Intraday Resistance

133.47 - Intraday Support

133.06 - Weekly Pivot

132.92 - First Target Level

132.12 - Second Target Level

131.56 - WS1

Trading recommendations:

Day traders should consider opening sell orders from current market levels with SL above the level of 134.16 and TP at the level of 132.92.