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Eur/Jpy : 05/03/2015 Technical Analysis Report

5th March 2015 CFX Admin

Our Preference: Sell below 132.30 With tight Stop loss of 131.70 for the target of 133.00.
Alternative Scenario: Nill 
 
Technical Commentary: In daily chart :- Eur/Jpy was broken the triangle pattern on lower side and reached safely to the major key support :- We have shown in image.
In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the equidistant lines now its trading near lower trend line of equidistant line and new upper trend line also forming and trading above major key support level (horizontal line), so we can buy near key support level @ 132.30 with stoploss of 131.70:- We have shown in image.


Technical Commentary: In daily chart :- Eur/Jpy was broken the triangle pattern on lower side and reached safely to the major key support :- We have shown in image.



In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the equidistant lines now its trading near lower trend line of equidistant line and new upper trend line also forming and trading above major key support level (horizontal line), so we can buy near key support level @ 132.30 with stoploss of 131.70:- We have shown in image.



In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the equidistant lines now its trading near lower trend line of equidistant line and new upper trend line also forming and trading above major key support level (horizontal line), so we can buy near key support level @ 132.30 with stoploss of 131.70:- We have shown in image.



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