Sunday 13 December 2015

Forex Technical Analysis of EURJPY for December 14, 2015

Support - S1 : 132.429 | S2 : 131.947 | S3 : 131.274
Resistance - R1 : 133.584 | R2 : 134.257 | R3 : 134.739
Main Trend - Bullish
Intraday Trend - Bullish

Observing the 4H chart of forex technical analysis for the exchange rate EURJPY, we will see that price move above EMA(200) and below EMA(50) which have an upward cross between them. Also, price moves within a 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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