Eur/Jpy : 16/12/2015 Technical Analysis Report
16th December 2015
CFX Admin
Our Preference: Sell Below 133.60 for the target of 132.60 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- Yesterday EurJpy was closed on lower side as bearish candle and closed above the support level of horizontal line and its trading below new upper trend line so today we can sell near upper trend line of key resistance level and except upto next key support 132.60 level :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the short term and long term equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.
Technical Commentary :- In Daily Chart :- Yesterday EurJpy was closed on lower side as bearish candle and closed above the support level of horizontal line and its trading below new upper trend line so today we can sell near upper trend line of key resistance level and except upto next key support 132.60 level :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the short term and long term equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.