
Technical Price Action Analysis - EURJPY with ranging within 100 SMA and 200 SMA
14 October 2015, 15:11

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W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish:
- The price is above 200 SMA for the bullish market condition.
- Symmetric triangle price pattern was formed by the price to be crossed for direction.
- 'Reversal' support level is 126.08 located near 200 SMA in the bearish area of the chart.
- 'Reversal' resistance level is 141.04 located near 100 SMA in the bullish area of the chart.
Trend:
- W1 - ranging