EURJPY intraday technical analysis - 11/12/2017

EURJPY

1.34094 / 1.34103

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Appreciation above the resistance level at 133.88 (R1) might prolong upside progress. In such scenario we would suggest next intraday target at 134.23 (R2) and any further rise would then be limited to final resistance at 134.58 (R3).
Downwards scenario: Session low provides an important support level at 133.39 (S1). Extension lower the initial support is being able to initiate bearish formation and suggest next intraday targets at 133.04 (S2) and 132.71 (S3) in perspective.

Resistance levels: 133.88 , 134.23 , 134.58

Support levels: 133.39 , 133.04 , 132.71