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27.06.201609:26 Forex Analysis & Reviews: Technical analysis of EUR/JPY for June 27, 2016

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 27/06/2016:

The market is trying to complete the wave (Z) of the overall corrective structure in wave B before the uptrend will eventually resume. The most important level for bulls is the technical resistance at the level of 115.48 as any breakout above this level opens the road towards the wave (X) last top. Currently, the pair is trading below the weekly pivot at the level of 114.13 and more downside slide is being expected as wave (Z) hasn't been completed yet.

Support/Resistance:

109.55 - Brexit Low

111.63 - Intraday Support

113.22 - Intraday Resistance

114.13 - Weekly Pivot

115.48 - Technical Resistance

118.71 - WR1

Trading recommendations:

All sell orders from the last week might be kept open as long as the level of 1.15.48 is not clearly violated. New sell orders should be added between the levels of 113.22 - 114.13.

Exchange Rates 27.06.2016 analysis

Sebastian Seliga
Analytical expert of InstaForex
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