EUR/JPY hit 3 week high

The major trend of EUR/JPY is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 135.50 consolidating & gaining strength to break it upside. Today if the pair breaks 135.50 & managed to sustain above it, then we can expect it to test the level of 136.20/ 136.90 in a day or two.

Prices are also taking support of 30 SMA & can come up to test 200 SMA. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY :- EUR/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

                                   Technical Report

                                        

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1206	1.1239	1.1280	1.1313	1.1354	1.1387	1.1428
GBP/USD	1.5125	1.5160	1.5207	1.5242	1.5289	1.5324	1.5371
USD/JPY	117.39	117.88	118.65	119.14	119.91	120.40	121.17
USD/CHF	0.9154	0.9182	0.9223	0.9251	0.9292	0.9320	0.9361
AUD/USD	0.7631	0.7688	0.7729	0.7786	0.7827	0.7884	0.7925
EUR/GBP	0.7360	0.7383	0.7402	0.7425	0.7444	0.7467	0.7486
USD/CAD	1.2302	1.2374	1.2480	1.2552	1.2658	1.2730	1.2836
NZD/USD	0.7317	0.7349	0.7376	0.7408	0.7435	0.7467	0.7494

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FOREX Updates : Technical Levels For NZD/USD Today

The major trend of NZD/USD is bearish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 0.7435 at upside we can expect it to test the level of 0.7460 /0.7490. Prices are taking support of 30 SMA & can come up to test 200 SMA.

RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY :- NZD/USD is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1154	1.1228	1.1352	1.1426	1.1550	1.1624	1.1748
GBP/USD	1.5025	1.5093	1.5211	1.5279	1.5397	1.5465	1.5583
USD/JPY	116.53	116.76	117.15	117.38	117.77	118.00	118.39
USD/CHF	0.9068	0.9137	0.9175	0.9244	0.9282	0.9351	0.9389
AUD/USD	0.7648	0.7690	0.7744	0.7786	0.7840	0.7882	0.7936
EUR/GBP	0.7383	0.7414	0.7451	0.7482	0.7519	0.7550	0.7587
USD/CAD	1.2158	1.2274	1.2355	1.2471	1.2552	1.2668	1.2749
NZD/USD	0.7256	0.7298	0.7346	0.7388	0.7436	0.7478	0.7526

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