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Eur/Jpy : 02/03/2015 Technical Analysis Report

2nd March 2015 CFX Admin

Our Preference: Sell below 134.60 With tight Stoploss of 135.20 for the target of 133.50 & 132.50 levels.
Alternative Scenario: Nill
 
Technical Commentary: In daily chart :- Eur/jpy was broken the triangle pattern on lower trend line and its reached key support level, now Eur/Jpy was moving near key resistance line so we can sell near key reisitance line upto to next key support level :- We have shown in image.
In 4 hour & 1 hour chart, Eur/Jpy was broken the triangle pattern on lower side,now its trading above the key support level and near to previous support level of lower trend line , now the previous lower trend line acting as key resistance level.


Technical Commentary: In daily chart :- Eur/jpy was broken the triangle pattern on lower trend line and its reached key support level, now Eur/Jpy was moving near key resistance line so we can sell near key reisitance line upto to next key support level :- We have shown in image.



In 4 hour & 1 hour chart, Eur/Jpy was broken the triangle pattern on lower side,now its trading above the key support level and near to previous support level of lower trend line , now the previous lower trend line acting as key resistance level.



In 4 hour & 1 hour chart, Eur/Jpy was broken the triangle pattern on lower side,now its trading above the key support level and near to previous support level of lower trend line , now the previous lower trend line acting as key resistance level.



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