Forex Technical Analysis of EURJPY for September 28, 2015

Support                            -   S1 : 134.260 | S2 : 133.545 | S3 : 132.984

Resistance                        -   R1 : 135.536 | R2 : 136.097 | R3 : 136.812

Main Trend                     -   Neutral

Intraday Trend               -   Bearish

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:

4H Chart

The area 134.483  – 134.758   is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be : 135.721, 136.204, 136.647, 136.984.

Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be : 133.943, 133.148, 132.275, 131.650, 131.100.

1H Chart

The area 134.900 – 135.055  is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be : 135.384, 135.728, 136.000, 136.229.

Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be : 134.632, 134.350, 134.100, 133.943, 133.650, 133.300, 133.148.

You agree with our estimates? If you have another point of view, you can write your opinion in comments.

Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.

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