|EUR/JPY Technical Analysis comments :|
|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.
|Complete sheet of the pair EUR/JPY - Previous EUR/JPY Analysis|
|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|