Centreforex
CentreForex.com Representative
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Eur/Jpy : 27/04/2015 Technical Analysis Report From CentreForex
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 and the pair was moving with lower trend line, so we can buy near key support level 129 :- 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 above the key resistance levels 128.60 so we can except sideways movements, so we can buy on intraday support levels : - We have shown in image.
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 and the pair was moving with lower trend line, so we can buy near key support level 129 :- 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 above the key resistance levels 128.60 so we can except sideways movements, so we can buy on intraday support levels : - We have shown in image.