Sentiment : 104.50 104
The pair continues to move into its bearish slant (purple line). The pair has faked yesterday a return above 103.50 and is currently testing again the support at 103. All indicators are bearish. We continue to advise short positions as far as 104 is resistance. The breakout of 103 will give a new sell signal and open the way towards 102. In case of return above 104, we will wait the breakout of 104.50 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