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Wednesday, March 30, 2016

4hrs Chart Outlook EUR/JPY

Clearly, ma1 (ema6) and ma3 (ema14) are trending above resistance turn support line at 127.00 plus ma1 > ma3 which suggest bullishness. As long as ma1 stays above support line 127.00, that line stays broken to the upside.

Recommended stop loss level: Below 125.00

Recommended buy level 1: At current price = ma3 (provided ema3 is above 127.00)

Recommended buy level 2: At 127.00 (provided ema6 > 127.00)


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