EURJPY intraday technical analysis - 29/06/2017

EURJPY

1.29573 / 1.29583

SUMMARY

Up

TREND

Up trend

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Market sentiment has improved for the bullish oriented traders. Fresh high formed today offers key resistance level at 128.80 (R1). In case of price appreciation above it our focus would be shifted to the higher targets at 129.60 (R2) and 130.40 (R3).
Downwards scenario: Possible pull back development is limited now to the key supportive barrier at 128.11 (S1). Only loss here would be considered as a beginning of a retracement expansion. Our intraday targets locates at 127.20 (S2) and 126.36 (S3).

Resistance levels: 128.80 , 129.60 , 130.40

Support levels: 128.11 , 127.20 , 126.36