Sentiment : 107 106.50
The pair EUR/JPY has validated yesterday the breakout of 106, offering a sell signal. The pair is now moving towards 105 and the fibonacci retracement 0% at 104.63 (reached in April 16th). All indicators are bearish. We continue to advise short positions as far as 106.50 is resistance. The breakout of 105.50 will give a new sell signal and open the way towards 105. In case of return above 106.50, we will wait the breakout of 107 to advise long positions.
Chart of the pair EUR/JPY - Timeframe 4H - Zoom in :
Chart of the pair EUR/JPY - Timeframe 4H - Zoom out:
EUR/JPY Live Chart - Timeframe : 4h