Eur/Jpy : 04/02/2016 Technical Analysis Report
4th February 2016
CFX Admin
Our Preference: Buy Above 130.50 for the target of 132.00 levels.
Alternative Scenario: Sell Below 132.00 for the target of 130.00 levels.
Technical Commentary :- In Daily Chart:- EurJpy was trading above the key support level of horizontal line and yesterday its was closed on higher side so we can except on buying side and we can buy near support level and except upto next key resistance levels :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was trading with upper trend line and its trading above the key resistance level of horizontal line so today we except to touch the upper trend line so we can near intraday support levels and except upto next key resistance level of upper trend line :- which we have shown in above image.
In 1 Hour Chart :- Yesterday EurJpy was broken the lower trend line so we can sell near upper trend line and except upto key support level of horizontal line :- which we have shown in above image.
Technical Commentary :- In Daily Chart:- EurJpy was trading above the key support level of horizontal line and yesterday its was closed on higher side so we can except on buying side and we can buy near support level and except upto next key resistance levels :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was trading with upper trend line and its trading above the key resistance level of horizontal line so today we except to touch the upper trend line so we can near intraday support levels and except upto next key resistance level of upper trend line :- which we have shown in above image.
In 1 Hour Chart :- Yesterday EurJpy was broken the lower trend line so we can sell near upper trend line and except upto key support level of horizontal line :- which we have shown in above image.