Support - S1 : 133.287 | S2 : 132.668 | S3 : 132.019
Resistance - R1 : 134.555 | R2 : 135.204 | R3 : 135.823
Main Trend - Bullish
Intraday Trend - Bullish
We observe on the 4H chart of forex technical analysis for EURJPY that the price finds support at the lower side of the daily channel and proceed to a reaction almost 55% retracement. At this point, the price finds strong resistant from EMA(200) on the daily chart. Is very clear that at the same point there is the median line of Andrew's Pitchfork. For a better observation of price action, you can study 4H chart and daily chart.
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 : 134.555 | R2 : 135.204 | R3 : 135.823
Main Trend - Bullish
Intraday Trend - Bullish
We observe on the 4H chart of forex technical analysis for EURJPY that the price finds support at the lower side of the daily channel and proceed to a reaction almost 55% retracement. At this point, the price finds strong resistant from EMA(200) on the daily chart. Is very clear that at the same point there is the median line of Andrew's Pitchfork. For a better observation of price action, you can study 4H chart and daily chart.
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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