Eur/Jpy

EUR/JPY is back at session lows near 109.40. I’m still hanging onto a small long GBP/JPY trade from earlier but I also have little desire to run much risk and I’ll get out as well if it breaks below 125.90.

A swing projection targets a resistance zone starting with he 61.8% retracement level at 111.80 to a pivot at 112.30.

IF the market breaks above 112.50, then we can talk about a bullish reversal in the medium-term

the pair and as we can see from the chart is trading now above the level of 110.00 , so when ever the pair success in breaking 110.00 , that's mean the down trend will be assured and the pair might head to 109.70 and then 109.40

we can see that the pair has closed it's daily candle above 110.00 . so , that's means that up trend is expected and the pair might head to 110.50 and then 110.80 ,but also the hourly correction is expected before continue in the up trend

EUR/JPY engaged in choppy sideway trading above 108.01 short term bottom last week. Late recovery argues that the larger decline from 123.31 is not ready to resume yet and initial bias is neutral this week.

Current development raised the possibility that the 105.42 is not yet the bottom. In case of another fall, we'll continue to look for reversal signal ahead of 88.96 low.

Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.

the chart is showing that the pair has succeeded in closing it's Weekly candle above level 110.00 , and that's mean the up trend is still standing and the pair might head to 111.00 and then 112.00

lack of movement from this pair make now clear signal on the main trend for this pair........most of time this pair will remain sideway this week......maybe another break to the low is possible

Below 109.01 will bring another fall attempt. Break of 108.01 will confirm decline resumption for 105.42/106.28 support zone.