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Eur/Jpy : 02/12/2015 Technical Analysis Report

2nd December 2015 CFX Admin

Our Preference: Sell below 131.00 for the target of 130.00 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily Chart :- Yesterday EurJpy closed on higher side with bullish candle and last 4 days low given as good support low so its confirming for the buying side and we can buy near intraday support level and except upto upper trend line :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading near resistance level of horizontal line and trading near upper trend line and new intraday lower trend line was formed so we can except upto upper trend line line :- We have shown in above image.
In 1 Hour chart  :- EurJpy was trading in the sideaways movement and its trading near upper trend line so we can except on buying side upto upper trend line and then it will back to key support level :- We have shown in above image.


Technical Commentary :- In Daily Chart :- Yesterday EurJpy closed on higher side with bullish candle and last 4 days low given as good support low so its confirming for the buying side and we can buy near intraday support level and except upto upper trend line :- We have shown in above image.



In 4 Hour Chart :- EurJpy was trading near resistance level of horizontal line and trading near upper trend line and new intraday lower trend line was formed so we can except upto upper trend line line :- We have shown in above image.



In 1 Hour chart :- EurJpy was trading in the sideaways movement and its trading near upper trend line so we can except on buying side upto upper trend line and then it will back to key support level :- We have shown in above image.



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