Support - S1 : 127.634 | S2 : 127.018 | S3 : 126.623
Resistance - R1 : 128.645 | R2 : 129.040 | R3 : 129.656
Main Trend - Bearish
Intraday Trend - Bullish
Observing the 4H chart of forex technical analysis for the exchange rate EURJPY we can see that the price is moving within the upper channel of Andrew's Pitchfork. Also, the price is above EMA(50) which have a downward cross with EMA(200). If the price break upwards the upper channel of Andrew's Pitchfork we think that we will have an increase of rising momentum.
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 : 128.645 | R2 : 129.040 | R3 : 129.656
Main Trend - Bearish
Intraday Trend - Bullish
Observing the 4H chart of forex technical analysis for the exchange rate EURJPY we can see that the price is moving within the upper channel of Andrew's Pitchfork. Also, the price is above EMA(50) which have a downward cross with EMA(200). If the price break upwards the upper channel of Andrew's Pitchfork we think that we will have an increase of rising momentum.
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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