Support - S1 : 129.724 | S2 : 128.264 | S3 : 126.971
Resistance - R1 : 132.477 | R2 : 133.770 | R3 : 135.230
Main Trend - Bullish
Intraday Trend - Bullish
Studying the charts of forex technical analysis for the exchange rate EURJPY, we observe that on daily chart the price is moving in a triangular formation. On 4H chart of forex technical analysis, we can see that the price close above EMA(50) and EMA(200) which have a downward cross between them. Also, we can observe that the retracement reaches almost at 74.6% and finally price close on Friday exactly on the median line 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 : 132.477 | R2 : 133.770 | R3 : 135.230
Main Trend - Bullish
Intraday Trend - Bullish
Studying the charts of forex technical analysis for the exchange rate EURJPY, we observe that on daily chart the price is moving in a triangular formation. On 4H chart of forex technical analysis, we can see that the price close above EMA(50) and EMA(200) which have a downward cross between them. Also, we can observe that the retracement reaches almost at 74.6% and finally price close on Friday exactly on the median line 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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