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Eur/Jpy : 07/12/2015 Technical Analysis Report

7th December 2015 CFX Admin

Our Preference: Sell Below 134.00 for the target of 133.00 levels.
Alternative Scenario: Buy Above 132.80 for the target of 134.00 levels.
 
Technical Commentary :- In Daily Chart :- Last week EurJpy was broken major resistance levels and now its trading below the upper trend line so today we can except on buying side from key support levels upto next key resistance and upper trend line :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and yesterday its reached upper channel line and its trading below key resistance level of horizontal line and its trading near upper channel line so we can except selling side from upper channel line  :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading with upper trend line and now its trading near upper trend line so we can except selling side from upper trend line  :- We have shown in above image.


Technical Commentary :- In Daily Chart :- Last week EurJpy was broken major resistance levels and now its trading below the upper trend line so today we can except on buying side from key support levels upto next key resistance and upper trend line :- We have shown in above image.



In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and yesterday its reached upper channel line and its trading below key resistance level of horizontal line and its trading near upper channel line so we can except selling side from upper channel line :- We have shown in above image.



In 1 Hour chart :- EurJpy was trading with upper trend line and now its trading near upper trend line so we can except selling side from upper trend line :- We have shown in above image.



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