Forex Technical Analysis of EURJPY for February 01, 2016

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:

Forex Technical Analysis of EURJPY for January 25, 2016

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:

Forex Technical Analysis of EURJPY for January 18, 2016

Support                              -   S1 : 127.601 | S2 : 127.413 | S3 : 127.248
Resistance                          -   R1 : 127.954 | R2 : 128.119 | R3 : 128.307
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

On 4H chart of forex technical analysis for the exchange rate EURJPY, we can realize that the price proceeds in a sideway move and the result was to form a triangular formation. The price return into the lower channel of Andrew's Pitchfork and is moving below EMA(50) and a few pips outside of the triangular formation. EMA(50) and EMA(200) have a steep downward cross between them.

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:

Forex Technical Analysis of EURJPY for January 04, 2016

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:

Forex Technical Analysis of EURJPY for December 21, 2015

Support                              -   S1 : 130.642 | S2 : 129.460 | S3 : 127.894
Resistance                          -   R1 : 133.390 | R2 : 134.956 | R3 : 136.138
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

Analyzing the 4H chart of forex technical analysis for the exchange rate EURJPY you can notice that the price break downward the channel (black lines) and finally the price close outside of the channel and below of EMA(50) and EMA(200). The cross between two EMA remains upward. Also, we can observe two Andrew's Pitchfork. The next movement of the price will determine which of them is valid.

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:

Forex Technical Analysis of EURJPY for December 14, 2015

Support                              -   S1 : 132.429 | S2 : 131.947 | S3 : 131.274
Resistance                          -   R1 : 133.584 | R2 : 134.257 | R3 : 134.739
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

Observing the 4H chart of forex technical analysis for the exchange rate EURJPY, we will see that price move above EMA(200) and below EMA(50) which have an upward cross between them. Also, price moves within a channel.

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:

Forex Technical Analysis of EURJPY for December 07, 2015

Support                              -   S1 : 133.287 | S2 : 132.668 | S3 : 132.019
Resistance                          -   R1 : 134.555 | R2 : 135.204 | R3 : 135.823
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

We observe on the 4H chart of forex technical analysis for EURJPY that the price finds support at the lower side of the daily channel and proceed to a reaction almost 55% retracement. At this point, the price finds strong resistant from EMA(200) on the daily chart. Is very clear that at the same point there is the median line of Andrew's Pitchfork. For a better observation of price action, you can study 4H chart and daily chart.

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:

Forex Technical Analysis of EURJPY for November 30, 2015

Support                             -   S1 : 129.757 | S2 : 129.418 | S3 : 129.175

Resistance                         -   R1 : 130.339 | R2 : 130.582 | R3 : 130.921

Main Trend                      -   Bearish

Intraday Trend                -   Bearish

Studying the forex technical analysis on 4H chart for the exchange rate EURJPY, we will observe that the price move below EMA(50) and EMA(200) which have a downward cross between them. At the same time, price remains within the upper channel of Andrew's Pitchfork. Also, price finds support from the lower side of the daily channel.

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:

Forex Technical Analysis of EURJPY for November 23, 2015

Support                             -   S1 : 130.309 | S2 : 129.862 | S3 : 129.040
Resistance                         -   R1 : 131.578 | R2 : 132.400 | R3 : 132.847
Main Trend                      -   Bearish
Intraday Trend                -   Bearish

On forex technical analysis of 4H chart for the exchange rate EURJPY, we can observe that price after the failure to break upward the EMA(50) return back and form a local double bottom. Price remain below EMA(50) and EMA(200) and moves within the upper channel 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:

Forex Technical Analysis of EURJPY for November 16, 2015

Support                             -   S1 : 131.533 | S2 : 131.012 | S3 : 130.474
Resistance                         -   R1 : 132.592 | R2 : 133.130 | R3 : 133.651
Main Trend                       -   Bearish
Intraday Trend                 -   Neutral

Trying to describe the 4H chart of forex technical analysis for the exchange rate EURJPY we have to say that price moves within the upper channel of Andrew's Pitchfork and at the same time is below EMA(50) and EMA(200).

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:

Forex Technical Analysis of EURJPY for November 09, 2015

Support                             -   S1 : 131.569 | S2 : 130.868 | S3 : 130.299
Resistance                         -   R1 : 132.839 | R2 : 133.408 | R3 : 134.109
Main Trend                       -   Bearish
Intraday Trend                 -   Neutral

You can observe on the 4H chart of forex technical analysis that the price moves within the upper channel of a downward Andrew's Pitchfork. Price remain below EMA(50) and EMA(200) which have a downward cross between them.

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:

Forex Technical Analysis of EURJPY for November 02, 2015

Support                              -   S1 : 132.125 | S2 : 131.576 | S3 : 130.943
Resistance                          -   R1 : 133.307 | R2 : 133.940 | R3 : 134.489
Main Trend                       -   Bearish
Intraday Trend                 -   Bullish

On H4 chart of forex technical analysis, you can observe that the price remains with downward momentum. EMA(50) and EMA(200) have downward crossed between them.

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:

Forex Technical Analysis of EURJPY for October 26, 2015

Support                              -   S1 : 133.375 | S2 : 132.923 | S3 : 132.481
Resistance                          -   R1 : 134.269 | R2 : 134.711 | R3 : 135.163
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

If we want to describe the 4H chart of forex technical analysis we have to say that price moves at the lower channel of Andrew's Pitchfork and below of EMA(50) and EMA(200). EMA(50) is above EMA(200) but there are suspicions that a downward cross is coming. We have to pay special attention to RSI who is rising from 30 level.

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:

Forex Technical Analysis of EURJPY for October 19, 2015

Support                              -   S1 : 135.023 | S2 : 134.468 | S3 : 133.989
Resistance                          -   R1 : 136.057 | R2 : 136.536 | R3 : 137.091
Main Trend                       -   Neutral
Intraday Trend                 -   Bearish

We can observe on forex technical analysis of 4H chart that price moves between EMA(50) and EMA(200) which have a bullish cross between them. Also, price remains at the lower channel of an upward 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:

Forex Technical Analysis of EURJPY for October 12, 2015

Support                             -   S1 : 135.425 | S2 : 134.284 | S3 : 133.522
Resistance                         -   R1 : 137.328 | R2 : 138.090 | R3 : 139.231
Main Trend                      -   Bullish
Intraday Trend                -   Bullish

At 4H, chart price is above EMA(50) and EMA(200) and moves at the lower channel of an upward 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:

Forex Technical Analysis of EURJPY for October 05, 2015

Support                            -   S1 : 134.036 | S2 : 133.559 | S3 : 133.142
Resistance                        -   R1 : 134.930 | R2 : 135.347 | R3 : 135.824
Main Trend                     -   Bearish
Intraday Trend               -   Bullish

Financial Announcements: USD - ISM Non-Manufacturing PMI

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:

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:

Forex Technical Analysis of EURJPY for September 21, 2015

Support                            -   S1 : 134.751 | S2 : 133.957 | S3 : 132.682
Resistance                       -   R1 : 136.820 | R2 : 138.095 | R3 : 138.889
Main Trend                     -   Bullish
Intraday Trend              -   Bullish

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:

Forex Technical Analysis of EURJPY for July 13, 2015

Support                            -   S1 : 134.733 | S2 : 132.527 | S3 : 131.257
Resistance                       -   R1 : 138.209 | R2 : 139.479 | R3 : 141.685
Main Trend                     -   Bearish
Intraday Trend              -   Bullish

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:

Forex Technical Analysis of EURJPY for July 06, 2015

Support                            -   S1 : 135.948 | S2 : 135.457 | S3 : 135.012
Resistance                       -   R1 : 136.884 | R2 : 137.329 | R3 : 137.820
Main Trend                     -   Bearish
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: