EURJPY intraday technical analysis - 20/04/2018

EURJPY

1.40606 / 1.40614

SUMMARY

Down

TREND

Downward penetration

MA10

Bullish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: EURJPY is limited to the next resistive measure at 132.84 (R1) on the upside. Break here is required to enable bullish potential and expose our interim target at 133.08 (R2). Further price appreciation would then be limited to last resistance at 133.33 (R3).
Downwards scenario: On the downside we expect positive retest of important fractal level at 132.58 (S1). Market easing below this mark would open route towards to initial targets at 132.35 (S2) and 132.12 (S3).

Resistance levels: 132.84 , 133.08 , 133.33

Support levels: 132.58 , 132.35 , 132.12