Eur/Jpy

we can notice from the chart that the pair has closed it's daily candle under 103.00 , that's mean the down trend is expected and the pair might head to 102.50 then 102.20 , however the pair made a hourly correction

If a M15 close above 103 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 102 sell only and do not buy. If price closes back above it again do nothing

The range 103 and 102 is neutral area, any trade done in between is personal decision and not part of this analysis

yes, this pair broke all the supports, but i don't think it's good to sell this pair
i warn you guys, japan bank will sell yen with very big amount
and it will make this pair rise more than 600 pips

loss of near term momentum should prevent sharp fall below psychological support at 100.00 and risk from there has increased for a correction later.

the chart and as we can see on it is showing the pair has succeeded in closing it's daily candle above level 103.00 , and that's mean the up trend is still standing and the pair might head to 103.50 and then 103.70

EUR/JPY formed a temporary bottom at 103.88 last week and recovered. Such recovery might continue with 105.08 minor support intact

EUR/JPY dropped to as low as 102.20 last week and met mentioned medium term projection of 61.8% projection of 139.21 to 105.42 from 123.31 at 102.42

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.

The latest acceleration of declines has opened the door for a fresh bout of weakness to multi-year lows below 105.00

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.