 |
| EUR/JPY |
TECHNICAL ANALYSIS :-
The primary trend of
EUR/JPY
is bearish on charts and from past few trading sessions prices are
not sustaining at lower levels & consolidating near the important
level of 127.85. In its hourly chart, prices are consolidating with
strong positive bias to give break out at upside. It is also taking
support of 30 DMA. If the pair breaks the resistance level of 127.85
at upside then we can expect it to test its 200 DMA and come till the
levels of 128.35/128.65.
INDICATORS:-
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair.
MACD line is also sustaining above the zero line
indicating the bullish trend in the pair.
 |
| Technical Chart |
STRATEGY:-
EURJPY
has bounced back from the lower level & looking bullish on charts
for next few session. One can go for buy on dips strategy for this
pair for intra day to mid term positions.
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