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Eur/Jpy : 09/02/2016 Technical Analysis Report

9th February 2016 CFX Admin

Our Preference: Buy Above 128.70 for the target of 129.70 levels.
Alternative Scenario: Sell Below 129.70 for the target of  127.00 levels.
 
Technical Commentary :- In Daily Chart:- EurJpy was trading with trend line and now previous low of support level acting as key resistance level so we can sell near resistance level of horizontal line and except upto next  key support levels :- which we have shown in above image.
In 4 Hour Chart :- Eur Jpy was trading with upper trend line and lower trend line now its trading near lower 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 :- Yesterday EurJpy was broken the lower trend line so we can sell near upper trend line and except upto key support level of horizontal line :- which we have shown in above image.


Technical Commentary :- In Daily Chart:- EurJpy was trading with trend line and now previous low of support level acting as key resistance level so we can sell near resistance level of horizontal line and except upto next key support levels :- which we have shown in above image.



In 4 Hour Chart :- Eur Jpy was trading with upper trend line and lower trend line now its trading near lower 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 :- Yesterday EurJpy was broken the lower trend line so we can sell near upper trend line and except upto key support level of horizontal line :- which we have shown in above image.



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