[B]Our Preference: Sell Below 125.00 for the target of 123.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart:- EurJpy was broken the equidistant channel line on lower side and its broken the major key support 2013 year low so its confirming for the selling side so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was trading below the year low and its trading with upper trend line and its trading below the key resistance level of horizontal line so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in above image.
In 1 Hour Chart :- EurJpy was trading in the equidistant channel lines and its was trading below the year low and its trading below the key resistance level of horizontal line so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in above image.
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[B]Our Preference: Sell Below 125.50 for the target 124.50 levels.
Alternative Scenario: Buy Above 124.30 for the target 125.80 levels.
Technical Commentary :- In Daily Chart :- EurJpy was trading in the equidistant channel line and yesterday in daily chart EurJpy was closed like as bearish engulfing pattern and its was trading below the key resistance level of horizontal line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel line and its moving towards the key support level of horizontal line and lower trend line so we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurJpy was trading in the equidistant channel line and its trading near new lower trend line if the lower trend line breaks means we will except upto next lower trend line of equidistant channel line so we can sell below the lower trend line and except upto next key support level :- which we have shown in attached image.
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[B]Our Preference: Sell Below 119.90 for the target of 118.80 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading below the upper trend line and its
broken last week and last month low and its trading below the major key support levels and its
trading below the short term upper trend line so today we can sell below the key resistance of
upper trend line and except upto next key support level :- which we have shown in attached
image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and its trading below the
intraday upper trend line so today we can sell below the key resistance of upper trend line and
except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- EurJpy was trading in the triangle pattern if lower trend line broken means we
will except further sell off so today we can sell near key resistance levels and except upto next
key support level :- which we have shown in attached image.
[/B]
Eur/Jpy : 22/11/2017 Technical Analysis Report From Centreforex
Our Preference: Buy above 131.40 for the target of 133.00
Alternative Scenario: Nill
Technical Commentary: In Daily Chart and 4 Hour Chart :- EurJpy was bounced back from previous key resistance level, now previous resistance acting as major key support level, so we can buy near key support level of 131.40 and except upto major key resistance level of upper trend line :- which we have shown in attached image.
Eur/Jpy : 30/11/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below 133.40 for the target of 131.50
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading below the upper trend line and its bounced back from previous key resistance level, now previous resistance acting as major key support level, so further we can except upto new upper trend line and we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
Eur/Jpy : 07/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below 133.00 for the target of 131.50
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the sideways movement and last week its failure to break the October 2017 High of 144.39 and EurJpy was bounced back from previous key resistance level of highs 144.39, now the high acting as major key support level, so its conforming for selling side and we can sell below the key resistance level and except upto next key support level :- which we have shown in attached image.
Eur/Jpy : 13/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below 133.30 for the target of 131.40
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the sideways movement between key resistance level and key support level, EurJpy was formed triple top and now new upper trend line was formed and yesterday we got closing on lower side as bearish candle, so its conforming for selling side and we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
Eur/Jpy : 22/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below 134.40 for the target of 132.40
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was testing the key resistance of high , now its testing the high of 4th time and eurjpy was trading in the sideways movement between key resistance level and key support level, now its trading below the key resistance level of high and yesterday we got closing on lower side, so its conforming for selling side and we can sell below the key resistance level and except upto next key support level :- which we have shown in attached image.
By Subramanian @ Centreforex
