Support - S1 : 130.642 | S2 : 129.460 | S3 : 127.894
Resistance - R1 : 133.390 | R2 : 134.956 | R3 : 136.138
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate EURJPY you can notice that the price break downward the channel (black lines) and finally the price close outside of the channel and below of EMA(50) and EMA(200). The cross between two EMA remains upward. Also, we can observe two Andrew's Pitchfork. The next movement of the price will determine which of them is valid.
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 : 133.390 | R2 : 134.956 | R3 : 136.138
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate EURJPY you can notice that the price break downward the channel (black lines) and finally the price close outside of the channel and below of EMA(50) and EMA(200). The cross between two EMA remains upward. Also, we can observe two Andrew's Pitchfork. The next movement of the price will determine which of them is valid.
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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