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Eur/Jpy : 21/12/2015 Technical Analysis Report

21st December 2015 CFX Admin

Our Preference: Sell Below 132.40 for the target of 131.00 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily Chart :- EurJpy was trading with upper trend line and its was broken the triangle pattern on lower side and its conforming for the selling side so we can sell near resistance level and  except upto next key support level :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading with the upper trend line and now its was trading below the upper trend line so we sell below upper trend  line and except upto next key support level of horizontal line  :- We have shown in above image.
In 1 Hour chart :- EurJpy was broken the key support level and its was trading in the equidistant channel line and now its trading below the key support level so we can sell near resistance level and except upto next key support level  :- We have shown in above image.


Technical Commentary :- In Daily Chart :- EurJpy was trading with upper trend line and its was broken the triangle pattern on lower side and its conforming for the selling side so we can sell near resistance level and except upto next key support level :- We have shown in above image.



In 4 Hour Chart :- EurJpy was trading with the upper trend line and now its was trading below the upper trend line so we sell below upper trend line and except upto next key support level of horizontal line :- We have shown in above image.



In 1 Hour chart :- EurJpy was broken the key support level and its was trading in the equidistant channel line and now its trading below the key support level so we can sell near resistance level and except upto next key support level :- We have shown in above image.



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