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Eur/Jpy : 24/04/2015 Technical Analysis Report

24th April 2015 CFX Admin

Our Preference: Buy Above 129 for the target of 130 Levels
Alternative Scenario: Nill
 
Technical Commentary :- In Daily chart :- EurJpy was broken the triangle pattern on upper trend line of higher side and it was trading in the range bound pattern between key support level 127 and key resistance level 130 levels , so we can buy near key support level and its tested back higher from 3rd testing the key support level and last week closeing also on higher side :- 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, so we can buy on intraday support levels : - We have shown in image.


Technical Commentary :- In Daily chart :- EurJpy was broken the triangle pattern on upper trend line of higher side and it was trading in the range bound pattern between key support level 127 and key resistance level 130 levels , so we can buy near key support level and its tested back higher from 3rd testing the key support level and last week closeing also on higher side :- 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, so we can buy on intraday support levels : - 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, so we can buy on intraday support levels : - We have shown in image.



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