Sentiment : 100 99
The pair again found support yesterday on 99 and is moving towards 100 as resistance. The pair continues to move on the lower band of its medium term bearish channel (purple lines). Indicators are globaly bullish. We are neutral between 99 and 100. We advise to wait an exit of this range to take position: - Long above 100. The breakout of 101 will give a new buy signal - Short below 99. The breakout of 98 will give a new sell signal.
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