24.03.201411:16 Forex Analysis & Reviews: Technical analysis of EUR/JPY for March 24, 2014

Long-term review

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General overview for 24/03/2014 09:00 CET

The abcde green triangle idea is still possible and the key level for that count would be intraday resistance at the level of 141.98. Any breakout higher above this level means that grey rectangle area between the level of 142.21- 142.30 will be tested. Please notice the red descending trendline from last swing high might provide additional dynamic resistance as well.

Support/Resistance:

143.39 - WR3

142.68 - WR2

142.30 - 142.21 - Technical Resistance

141.98 - Intraday Resistance

141.85 - WR1

141.27 - Intraday Support

141.15 - Weekly Pivot

140.40 - WS1

Trading recommendations:

Sell limit orders should be opened from the level of 141.98 with SL above the level of 142.31 and TP at the level of 140.30.

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