Our Preference: Sell below 133.00 for the target of 131.40 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the sideways movement, and it was formed double top in daily chart and today its trading below the resistance level of 133.00 horizontal line and last friday closing was on lower side as bearish candle, so its confirming for the selling side, we can sell below the key resistance level and except upto next key support level of 23% of retracement level :- which we have shown in attached image.
In Daily Chart :- EurJpy was trading in the sideways movement, and it was formed double top in daily chart and today its trading below the resistance level of 133.00 horizontal line and last friday closing was on lower side as bearish candle, so its confirming for the selling side, we can sell below the key resistance level and except upto next key support level of 23% of retracement level :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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