Sunday 11 October 2015

Forex Technical Analysis of EURJPY for October 12, 2015

Support - S1 : 135.425 | S2 : 134.284 | S3 : 133.522
Resistance - R1 : 137.328 | R2 : 138.090 | R3 : 139.231
Main Trend - Bullish
Intraday Trend - Bullish

At 4H, chart price is above EMA(50) and EMA(200) and moves at the lower channel of an upward Andrew's Pitchfork.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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