Centreforex
CentreForex.com Representative
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Eur/Jpy : 20/04/2015 Technical Analysis Report From CentreForex
Our Preference: Sell below 128.60 for the target of 127.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily chart :- EurJpy was trading in the range bound pattern between key support level 127 and key resistance level 130 levels and after 2nd testing the key support level 127 its came back higher and last week its closed 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.
Our Preference: Sell below 128.60 for the target of 127.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily chart :- EurJpy was trading in the range bound pattern between key support level 127 and key resistance level 130 levels and after 2nd testing the key support level 127 its came back higher and last week its closed 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.