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Technical Analysis
Daily Technical Analysis Report From CentreForex
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[QUOTE="Centreforex, post: 94856, member: 36276"] [B]Eur/Jpy : 05/01/2015 Technical Analysis Report From CentreForex[/B] [B]Our Preference:[/B] Sell Below 129.50 for the target of 127.60 levels. [B]Alternative Scenario:[/B] Nill [B]Technical Commentary :- In Daily Chart:- [/B]Yesterday EurJpy was broken last month low and closed below the major key support level, now previous support level of horizontal line acting as key resistance level so we can sell near resistance level of horizontal line and except upto next key support levels :- which we have shown in above image. [IMG]https://charts.mql5.com/9/793/eurjpy-d1-fxpro-financial-services.png[/IMG] [B]In 4 Hour Chart and In 1 Hour chart :- [/B]EurJpy was broken the equidistant channel line on lower side and broken the lower side of sideways movement so we can sell near intraday resistance level and except upto next key support level :- which we have shown in above image. [IMG]https://charts.mql5.com/9/792/eurjpy-h4-fxpro-financial-services.png[/IMG] [IMG]https://charts.mql5.com/9/792/eurjpy-h1-fxpro-financial-services.png[/IMG] [/QUOTE]
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