FX.co ★ Technical analysis of EUR/JPY for December 15, 2015

General overview for 15/12/2015 07:40 CET

As anticipated yesterday, the price went up just to hit the intraday resistance at the level of 133.33 and after that it was capped. The resistance level is still key one, and in case of any breakout to the upside, highs of the recent post-ECB range will be tested.

Support/Resistance:

134.74 - WR2

134.57 - Swing High

133.62 - WR1

133.33 - Intraday Resistance

133.11 - Weekly Pivot

132.48 - Intraday Support

132.12 - 50%Fibo

Trading recommendations:

Day traders should consider placing sell orders only from the level of 133.33 with tight SL and TP at the level of 132.47 and 132.12.