Technicals

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Major resistance- 156 (Trend line joining 156.66 and 156.15) Major support – 155.25 (4 Hour Tenken-Sen) The pair has made a high of 155.95 and slightly declined from that level. It is currently trading around 155.82. On the higher side any break above

Major resistance- 156 (Trend line joining 156.66 and 156.15) Major support – 155.25 (4 Hour Tenken-Sen) The pair has made a high of 155.95 and slightly declined from that level. It is currently trading around 155.82. On …

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Major resistance- 156 (Trend line joining 156.66 and 156.15) Major support – 155.25 (4 Hour Tenken-Sen) The pair has made a high of 155.95 and slightly declined from that level. It is currently trading around 155.82. On the higher side any break above
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  • Major resistance- 156 (Trend line joining 156.66 and 156.15)
     
  • Major support – 155.25 (4 Hour Tenken-Sen)
     
  • The pair has made a high of 155.95 and slightly declined from that level. It is currently trading around 155.82.
     
  • On the higher side any break above 156 will take the pair till 157.25/157.89 (200 4 HMA).
     
  • The pair should close above 158.50 (4 Hour Kijun-Sen) for further upside till 160/162.50 in short term.
     
  • Any  violation below 155.25 will drag the pair down till 154.80/154.40.It should break below 154.40 (yesterday low) for decline till 152.50/151.65.

It is good buy above 156 with SL around 155.25 for the TP of 157.25/157.89.         

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