EUR/JPY Trend and FOREX Forecast For January 24

Browse by EUR/JPY and the forecast for January 24.

According to preliminary expectations, yesterday the pair worked price rise to the calculated resistance zones, providing those who follow my recommendations, a decent profit in the amount of the price figures.

At this time, all the upward correction has finished appearance as in its internal structure, and the degree of the minimum required elongation.

Throughout the second half of yesterday quotes couples vigorously moved down, starting to form a potentially bearish reversal design.

Pre it may indicate that the internal correction downward trend wave larger scale (as of 12/27/13) completed and began his formation down the final portion of the trend wave. Simply put, the expected short-term trend change in the direction of the flat in the corridor senior TF sized diurnal variation of the pair to deliberate descent prices.

To complete the formation of topping zigzag this is only speculation. Elongation up the final part of bullish correction can not be excluded yet.

In the next session we expect the weak sentiment in ascending to the flat nature of the pair fluctuations. Do not rule out pre- small probability of pressure on the support area.

Support area:- 141.15/140.90, Below today do not wait.

Resistance zone:- 141.75/95-142.30/45 (achievement zone unlikely today) Above in the day did not expect.

Trading recommendations: Situation likely change the direction of short-term trend. Beginners recommend avoiding trade transactions. In the presence of skill in flat lot may be limited to the purchase transaction with the potential to counter a potential reversal zones.