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Eur/Jpy : 12/03/2015 Technical Analysis Report

12th 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 weekly chart :- Eur/Jpy was reached last year low and reached major key support level so we can except some correction from here
In Daily chart :- Eur/Jpy was trading in the equidistant channel line and now trading in near lower channel line 127.50 so we can except some correction from here :- We have shown in image.
In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the new equidistant lines, we can sell major key resistance line.


In Daily chart :- Eur/Jpy was trading in the equidistant channel line and now trading in near lower channel line 127.50 so we can except some correction from here :- We have shown in image.



Technical Commentary: In weekly chart :- Eur/Jpy was reached last year low and reached major key support level so we can except some correction from here



In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the new equidistant lines, we can sell major key resistance line.



In 4 hour chart & 1 hour chart, Eur/Jpy was trading in the new equidistant lines, we can sell major key resistance line.



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