EURJPY intraday is bullish bias above 105.25, The RSI is supported by abullish trend line .
The up movement targeting the level of 106.6 and 107.05 .
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EURJPY intraday is bullish bias above 105.25, The RSI is supported by abullish trend line .
The up movement targeting the level of 106.6 and 107.05 .
The pair facing the higher trend of down channel and resistance level at 106.54, the pair move up 145 pips witch is very close to daily range on 160pip.
hence I expect to witness a breach move.
If a M15 close above 107 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 105 sell only and do not buy. If price closes back above it again do nothing
The range 107 and 105 is neutral area, any trade done in between is personal decision and not part of this analysis
we can notice from the chart that the pair has closed it's daily candle under 106.00 , that's mean the down trend is expected and the pair might head to 105.70 then 105.45 , however the pair made a hourly correction
If a M15 close above 106 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 104 sell only and do not buy. If price closes back above it again do nothing
The range 106 and 104 is neutral area, any trade done in between is personal decision and not part of this analysis
the chart is showing that the pair is trading under level 106.00 , that's mean the down trend is standing and the pair might reach 105.00 , but if the pair succeeded in breaking 106.00 , it will head to 106.35 and then 106.70
The EUR / JPY continues to evolve between 105 and 106 in support in resistance.
The indicators are somewhat mixed.
We will remain neutral on parity as the course will be located between 105 and 106.
We advise to go / not to treat more than the positions in the direction out of this range of quotations:
the pair and as we can see from the chart has closed it's daily candle under the level of 106.00 , so , that's mean the down trend is still standing and the pair is heading to 105.60 then 105.20
the trading has ended with the pair under the level 106.00 and that's will make the movement continue in down trend to reach 105.50 , and then the selling is suggested with a suitable stop loss level and targets equal 30 pips .
the pair now between two trend lines (Down + Up)
any H4 candle close above / below these trend lines
we will see up / down movements till 107.80 in case of up movements
and 102.53 in case of down movements