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Eur/Jpy : 17/04/2015 Technical Analysis Report

17th April 2015 CFX Admin

Our Preference: Sell below 128.60 for the target of 127.00 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily chart :- EurJpy was trading in the range bound pattern between key support level 127 and key resistance level 130 , last 4 days EurJpy was closing above the key support level of 127.00 and short term resistance was coming around 128.60 levels so we can sell below 128.60 with tight stoploss of 129.30 for the target of 127.60 : - We have shown in image.
In 4 hour chart and In 1 hour chart Eur/Jpy was trading in the equidistant channel lines and trading below key resistance levels 128.60 so we can except sideways movements: - We have shown in image.


Technical Commentary :- In Daily chart :- EurJpy was trading in the range bound pattern between key support level 127 and key resistance level 130 , last 4 days EurJpy was closing above the key support level of 127.00 and short term resistance was coming around 128.60 levels so we can sell below 128.60 with tight stoploss of 129.30 for the target of 127.60 : - We have shown in image.



In 4 hour chart and In 1 hour chart Eur/Jpy was trading in the equidistant channel lines and trading below key resistance levels 128.60 so we can except sideways movements: - We have shown in image.



In 4 hour chart and In 1 hour chart Eur/Jpy was trading in the equidistant channel lines and trading below key resistance levels 128.60 so we can except sideways movements: - We have shown in image.



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