The breach of 98.53 minor support was brief and EUR/JPY quickly recovered. Indeed, the strong of the rebound and bring of 99.96 minor resistance indicates that whole corrective rise from 95.64 is still in progress. Intraday bias is mildly on the upside for 101.62 and above. Nonetheless, we're still expecting strong resistance from 61.8% retracement of 108.00 to 95.64 at 103.27 to finish the correction, on bearish divergence condition in 4 hours MACD. On the downside, break of 98.32 minor support will revive that case that rise from 95.64 is completed and bring retest of this low.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics