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Eur/Jpy : 14/06/2016 Technical Analysis Report

14th June 2016 CFX Admin

Our Preference: Sell Below 119.90 for the target of 118.80 levels
Alternative Scenario: Nill
 
Technical Commentary: In Daily Chart  :- EurJpy was trading below the upper trend line and its broken last week and last month low and its trading below the major key support levels and its trading below the short term upper trend line so today we can sell below the key resistance of upper 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 lines and its trading below the intraday upper trend line so today we can sell below the key resistance of upper trend line and except upto next key support level :- which we have shown in attached image. 
In 1 Hour Chart :- EurJpy was  trading in the triangle pattern if lower trend line broken means we will except further sell off so today we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.  


Technical Commentary: In Daily Chart :- EurJpy was trading below the upper trend line and its broken last week and last month low and its trading below the major key support levels and its trading below the short term upper trend line so today we can sell below the key resistance of upper 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 lines and its trading below the intraday upper trend line so today we can sell below the key resistance of upper trend line and except upto next key support level :- which we have shown in attached image.



In 1 Hour Chart :- EurJpy was trading in the triangle pattern if lower trend line broken means we will except further sell off so today we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.



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