Support - S1 : 129.757 | S2 : 129.418 | S3 : 129.175
Resistance - R1 : 130.339 | R2 : 130.582 | R3 : 130.921
Main Trend - Bearish
Intraday Trend - Bearish
Studying the forex technical analysis on 4H chart for the exchange rate EURJPY, we will observe that the price move below EMA(50) and EMA(200) which have a downward cross between them. At the same time, price remains within the upper channel of Andrew's Pitchfork. Also, price finds support from the lower side of the daily channel.
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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