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short- now the time is come to sort this pair. this is not able to make more up movement and not able to cross 104.50 price level. we can short with 104.50 stop loss and first take profit 101.00 if this is also break then price will try to touch 100.00 level.
At the H4 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 100.27
Expected trading range for the day between 102.70 and 104.00
General tendency for the price: UP
Eur/jpy back to positif area. This positif statement occured after price can retrace up from weekly support 1 (102.29). Price come back up to opening level and now, it has break up monthly pivot level (102.57). But price can not able to continue up, just move around upper monthly pivot level.
pair is still bearish divergence MASD work on the daily chart, the 4 hour time frame is noticeable resistance 102.74 from which rate resumed its decline, moving at break 200 add another sale.
Only that there was a retreat from the northern support 102.18, the pair started to form a new wave of northern and rehearse a buy signal MASD, the hourly chart rate started punching the alligator slide, goals have northern - 103.00,103.80 level.
Bearish supposed to end at around 102.34, followed by a movement to rise above 103.24 as recovery. After that, EURJPY be corrected back to a limited extent.
The trading range for today is among the key support at 100.75 and the key resistance at 103.70.
The short term trend is to the upside target at 109.15 intact 98.75 weekly closing
eur / jpy went to the northern lights out of 200 MA (support for 102.20), the pair even managed to overcome short-term resistance level of 102.75 which was an additional signal of intent bulls, it seems they will lead the course to 103.80 (to him void.)
The trading range for today is among key support at 100.75 and key resistance now at 103.70.
The general trend over short term basis is to the upside targeting 109.15 as far as areas of 98.75 remain intact with weekly closing.
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