the pair and as we can see from the chart has closed it's daily candle under the level of 105.00 , so , that's mean the down trend is still standing and the pair is heading to 104.00 then 103.70
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the pair and as we can see from the chart has closed it's daily candle under the level of 105.00 , so , that's mean the down trend is still standing and the pair is heading to 104.00 then 103.70
If a M15 close above 105 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 103 sell only and do not buy. If price closes back above it again do nothing
The range 105 and 103 is neutral area, any trade done in between is personal decision and not part of this analysis
EUR/JPY formed a temporary bottom at 103.88 last week and recovered. Such recovery might continue with 105.08 minor support intact
we can notice from the chart that the pair has closed it's daily candle under 105.00 , that's mean the down trend is expected and the pair might head to 104.30 then 104.00 , however the pair made a hourly correction
If a M15 close above 104 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 103 sell only and do not buy. If price closes back above it again do nothing
The range 104 and 103 is neutral area, any trade done in between is personal decision and not part of this analysis
EURJPY had somewhat volatile trading yesterday and closed in a doji daily. The long term bias is strongly bearish, and intra-day bias seems slightly bearish but I will need to see a 2 hours close below 104.50 to start loading short for the day.
If a M15 close above 105.50 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 103.50 sell only and do not buy. If price closes back above it again do nothing
The range 105.50 and 103.50 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair and as we can see from the chart has closed it's daily candle under the level of 104.00 , so , that's mean the down trend is still standing and the pair is heading to 103.70 then 103.40
If a M15 close above 104 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 103 sell only and do not buy. If price closes back above it again do nothing
The range 104 and 103 is neutral area, any trade done in between is personal decision and not part of this analysis
In the short-term, further weakness may follow, but over coming sessions we will see if the current break under 103.90 can be maintained.