Eur/Jpy : 15/03/2016 Technical Analysis Report
15th March 2016
CFX Admin
Our Preference: Sell Below 125.50 for the target 124.50 levels.
Alternative Scenario: Buy Above 124.30 for the target 125.80 levels.
Technical Commentary :- In Daily Chart :- EurJpy was trading in the equidistant channel line and yesterday in daily chart EurJpy was closed like as bearish engulfing pattern and its was trading below the key resistance level of horizontal line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel line and its moving towards the key support level of horizontal line and lower trend line so we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurJpy was trading in the equidistant channel line and its trading near new lower trend line if the lower trend line breaks means we will except upto next lower trend line of equidistant channel line so we can sell below the lower trend line and except upto next key support level :- which we have shown in attached image.
Technical Commentary :- In Daily Chart :- EurJpy was trading in the equidistant channel line and yesterday in daily chart EurJpy was closed like as bearish engulfing pattern and its was trading below the key resistance level of horizontal line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurJpy was trading in the equidistant channel line and its trading near new lower trend line if the lower trend line breaks means we will except upto next lower trend line of equidistant channel line so we can sell below the lower trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel line and its moving towards the key support level of horizontal line and lower trend line so we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.