Support - S1 : 130.158 | S2 : 129.658 | S3 : 128.853
Resistance - R1 : 131.463 | R2 : 132.268 | R3 : 132.768
Main Trend - Bearish
Intraday Trend - Bearish
On 4H chart of forex technical analysis for the exchange rate EURJPY is clear the pressure who lead the price to a lower price level. EMA(50) and EMA(200) are ready to proceed to a downward cross. The price is above but very near to the median line of Andrew's Pitchfork. We have to be very suspicious for an upward reaction from this area.
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 : 131.463 | R2 : 132.268 | R3 : 132.768
Main Trend - Bearish
Intraday Trend - Bearish
On 4H chart of forex technical analysis for the exchange rate EURJPY is clear the pressure who lead the price to a lower price level. EMA(50) and EMA(200) are ready to proceed to a downward cross. The price is above but very near to the median line of Andrew's Pitchfork. We have to be very suspicious for an upward reaction from this area.
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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