11.11.201317:49 Forex Analysis & Reviews: EUR/JPY H1 analysys for November 11, 2013

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

General overview for 11/11/2013 14:00 CET

The ZigZag wave WXY brown has been done now and corrective wave up is in progress.

The anticipated level for corretion to complete is 50%Fibo area at 133.32.

If SUPPLY ZONE is violated then alternate green count is invalidated as well as immediate impulsive wave progression is canceled.

Bias is still to the downside as long as SUPPLY ZONE holds.

Support/Resistance:

131.21 - Swing Low | WS1 |

132.19 - Intraday Support

132.45 - Weekly Pivot

132.70 - Intraday Support

133.32 - 50%Fibo Target

133.60 - 133.70 SUPPLY ZONE | WR1

Trading recommendations:

Short positions have two possible enties:

- 133.32 with SL above 133.83 and TP below 131.21.

- 133.60 with SL above 133.83 and TP below 131.21

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.