EUR/JPY Forex Trading Tips & Market Analysis 14th April 2016

FX:EURJPY   Euro / Japanese Yen
The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

RSI is sustaining below 50 in its selling zone indicating the upcoming bearish trend in the pair.

On the down side break out of symitrical triangle on charts on can go for sell for next few trading session.
mr banker what do you expect EJ to drop to?
+1 Reply
TheBanker fali4209
Hi Fali, 120.40 is within range now
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