Sentiment : 105 104.50
The pair EUR/JPY is opening the week on a bearish gap and has validated the breakout of 105.50/105/104.50/404, offering all new sell signals. The pair just found support on 103.50 and is going to test a return above 104. All indicators are bearish. We continue to advise short positions as far as 104.50 is resistance. The breakout of 103.50 will give a new sell signal and open the way towards 103. In case of return above 104.50, we will wait the breakout of 105 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