Eur/Jpy : 20/01/2016 Technical Analysis Report
20th January 2016
CFX Admin
Our Preference: Sell Below 127.40 for the target of 126.50 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart:- EurJpy was trading near yearly low and it was trading in the triangle pattern today its was trading below the upper trend line so we can except on selling side and we can sell near resistance level and except upto next key support levels :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was broken the triangle pattern on lower side so we can except on selling zone and we can sell near resistance level and except upto next key support level :- which we have shown in above image.
In 1 Hour Chart :- EurJpy was trading below the upper trend line and today its was broken the support level of horizontal line so its confirming for the selling side so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image.
Technical Commentary :- In Daily Chart:- EurJpy was trading near yearly low and it was trading in the triangle pattern today its was trading below the upper trend line so we can except on selling side and we can sell near resistance level and except upto next key support levels :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was broken the triangle pattern on lower side so we can except on selling zone and we can sell near resistance level and except upto next key support level :- which we have shown in above image.
In 1 Hour Chart :- EurJpy was trading below the upper trend line and today its was broken the support level of horizontal line so its confirming for the selling side so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image.