View Single Post
  #87  
Old 11-11-2015, 22:43
InstaForex's Avatar
InstaForex InstaForex is offline
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 2,332
Default Re: Daily technical analysis of EUR/JPY By INSTAFOREX

General overview
The first attempt to break above the the golden channel line has failed, but there is still a possibility of a further rally upward. Currently, the market is trying to break above the weekly pivot level. The first target for wave (b) is seen at the level of 133.55, but it might goes higher into the demand breakthrough zone and be capped then.

Trading recommendations:
Day traders should consider placing buy orders at current levels with SL below the level of 131.46 and TP at the level of 133.55.




Reply With Quote