empty
 
 
01.10.2014 06:44 AM
Intraday trading recommendations on EUR/JPY for October 01, 2014

This image is no longer relevant

The pair faced strong selling pressure in yesterday's session and held support at the 61.8 fib level; below this 137.70-137.50 is a strong support zone . In the previous week, the pair hit and closed below the top end of the trend line. This week, as of now the pair is facing strong resistance at 50Wsma 139.20. Safe buy will trigger only above 139.20 only. The trading pattern is framed between the 139.70-137.70 levels. If a break is below 137.50, it will fall up to 136.90 levels.

This image is no longer relevant

For an intraday view, the prices are closed below key hourly moving averages. The prices are facing strong resistance in a 1-month trend line; support has become resistance. We recommend buying above 139.12 with an upside target at the 139.45 and 139.65 levels. Selling below 138.35 will mint the money.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback