Support - S1 : 131.533 | S2 : 131.012 | S3 : 130.474
Resistance - R1 : 132.592 | R2 : 133.130 | R3 : 133.651
Main Trend - Bearish
Intraday Trend - Neutral
Trying to describe the 4H chart of forex technical analysis for the exchange rate EURJPY we have to say that price moves within the upper channel of Andrew's Pitchfork and at the same time is below EMA(50) and EMA(200).
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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Resistance - R1 : 132.592 | R2 : 133.130 | R3 : 133.651
Main Trend - Bearish
Intraday Trend - Neutral
Trying to describe the 4H chart of forex technical analysis for the exchange rate EURJPY we have to say that price moves within the upper channel of Andrew's Pitchfork and at the same time is below EMA(50) and EMA(200).
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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