Sentiment : 107 106.50
The pair EUR/JPY made yesterday a pullback on 106 as resistance. In extension, the pair has reached the fibonacci retracement 23.60% at 106.17 but is currently falling below 105.50. All indicators are bearish. The pair continues to move below a bearish slant (purple line). 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