Support - S1 : 130.309 | S2 : 129.862 | S3 : 129.040
Resistance - R1 : 131.578 | R2 : 132.400 | R3 : 132.847
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart for the exchange rate EURJPY, we can observe that price after the failure to break upward the EMA(50) return back and form a local double bottom. Price remain below EMA(50) and EMA(200) and moves within the upper channel of 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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Resistance - R1 : 131.578 | R2 : 132.400 | R3 : 132.847
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart for the exchange rate EURJPY, we can observe that price after the failure to break upward the EMA(50) return back and form a local double bottom. Price remain below EMA(50) and EMA(200) and moves within the upper channel of 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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