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 Technical analysis of EUR/JPY for August 20, 2014

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painofhell

painofhell

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Technical analysis of EUR/JPY for August 20, 2014 Empty
PostSubject: Technical analysis of EUR/JPY for August 20, 2014   Technical analysis of EUR/JPY for August 20, 2014 Icon_minitimeWed Aug 20, 2014 3:20 pm
General overview for 20/08/2014 13:50 CET 
The target zone market as the orange rectangle on the chart has finally been hit as the corrective green wave (ii) has been developing a little more longer that anticipated. Currently, traders should expect an impulsive wave progression to the downside with the breakout of the weekly pivot level and then intraday support level. 




Trading recommendations:
 Buy orders opened at the beginning of the week should be still kept open with the first target at the level of 1.0984 with a very possible extension up to the level of 1.1020.
Technical analysis of EUR/JPY for August 20, 2014 Eurjpy_h1

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Technical analysis of EUR/JPY for August 20, 2014

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