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Technical analysis of EUR/JPY for December 27, 2013 – MT5

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Technical analysis of EUR/JPY for December 27, 2013General overview for 27/12/2013 16:00 CETThe anticipated last impulsive wave to the upside has been almost done now and when the corrective cycle in wave (iv) is finished, then another high will be made in impulisve fashion. The target currently fot the wave (v) is the level of 145.77. This count is valid […]

Technical analysis of USD/JPY for December 27, 2013 – MT5

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Technical analysis of USD/JPY for December 27, 2013Overview:
USD/JPY is trading with bullish bias. The break above 104.45 is a positive signal that has opened a path to 105.15. Daily chart is positive-biased as MACD and stochastics are turned bullish; five- and 15-day moving averages are advancing.  Trading recommendations: The pair is trading above its pivot point. It is likely to trade in […]