Sentiment : 105 104.50
The pair EUR/JPY found support yesterday on 103.50 to made a pullback on 104.50. The pair is currently moving towards 104 and is still moving below a bearish slant (purple line). All indicators are still bearish. We continue to advise short positions as far as 104.50 is resistance. A return below 104 will comfort our bearish feeling. 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