EURJPY intraday technical analysis - 11/12/2018

EURJPY

128.646/128.656

SUMMARY

Down

TREND

Downward penetration

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: On the upside potential is seen for a break above the resistance at 128.63 (R1). In such case we would suggest next target at 129.93 (R2) and any further rise would then be limited to final resistance at 130.23 (R3).
Downwards scenario: Next support level is seen at 128.41 (S1), any penetration below it might activate downside pressure and enable lower target at 128.10 (S2). Any further market decline would then be limited to 127.80 (S3).

Resistance levels: 128.63 , 129.93 , 130.23

Support levels: 128.41 , 128.10 , 127.80