Eur/Jpy

[Sondag]

As long as this pair couldnt manage to break its strong support level at 99.25, I remain bearish for this pair. I expect rebound can thouch 100.25 for today's movement. Take a look if this scenario will be fail only when it go lower than 99.25

[ashaab]

The pair is still trading within a sideway range, while the conflict seen among technical indicators such as SMA 50 and Stochastic drives us to remain neutral now , observing the pair`s behavior around the critical levels mentioned in our weekly report.



Recommendation : Based on the charts and explanations above we remain neutral, awaiting more confirmations

[Sondag]

Seems like, its difficult to broke the resistance level at 100.25, I think today this pair will be trapped between 100.25 and 99.50. My strategy is, buy at the low ,Sell on the peak. I can see that, this pair is now trying to recover or refill its gap.

[gemmy]

As we have a down channel there at H4 chart , i expect the pair to continue upward till reach the upper side of the channel and make retest then it will reverse and close the gap , i suggest buying now ,

[Melsayed]

My weekly analysis :

after the pair has closed down of the resistance 100.81 so there is no doubt that the price will go and face new support at least it will try to close down of 97.15 level



note that the pair is very near to make new low in the history of the pair if it reaches 88.75

[ashaab]

The pair provided bullish attempts but so far it failed to reach the resistance of 100.50. Therefore, we remain neutral till the pair breaches one of the pivotal levels mentioned in our morning report.



Recommendation : Based on the charts and explanations above we remain neutral, awaiting more confirmations

[Sondag]

Ahh... its sideways. I dont expect this pair may go any further today. I think, its still located between 100.15 and 99.55. Buy at the low, sell at the peak. I think as long as the pair didnt break 100.25 or 99.40, this pair will move sideways.

[simpleforex68]

We can see clearly that the price is in downtrend because the price is below the Ichimoku Kumo Cloud and EMA 200. So, I think it will increase slightly to the Ichimoku Kumo Cloud and then it will decrease strongly.

[ashaab]

The pair approached the pivotal support of 99.10 and then rebounded to the upside again. In general, we remain neutral today , observing the pair`s behavior around the critical levels mentioned in our morning report.



Recommendation : Based on the charts and explanations above we remain neutral, awaiting more confirmations

[ashaab]

The pair was able to breach 100.50 areas and according activated the morning scenario which remains valid with stability below 100.50 and most importantly 102.00.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair with the breach of 100.50 targeting 99.20 and stop loss with four-hour closing above 101.50 might be appropriate