EURJPY intraday technical analysis - 16/02/2018

EURJPY

1.41343 / 1.41353

SUMMARY

Down

TREND

Downward penetration

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Several fractal levels are located around the next resistive measure at 133.02 (R1). If the price surge higher today and managed to stabilize above it, we would suggest next intraday targets at 133.38 (R2) and 133.78 (R3).
Downwards scenario: Both moving averages remains downwards oriented and there are more chances of price depreciation on the short-term perspective. Next on tap is seen support level at 132.35 (S1), price could break it soon and enable 131.95 (S2) – 131.59 (S3) target zone.

Resistance levels: 133.02 , 133.38 , 133.78

Support levels: 132.35 , 131.95 , 131.59