We should keep an eye on the nearest support at 110.75 as an intraday target. A pullback from this level could be a departure point for...
Tag - jpy - japanese yen
EUR/JPY reversed from support area Next buy target - 126…
Technical and fundamental market analysis…
There's no any reversal pattern so far. So, the market is likely going to test the next support at 109.92...
A pullback from Moving Averages could be a starting point for another decline towards the lower 'Window'...
The pair is likely going to reach the 21 & 34 Moving Averages shortly. These lines could be a departure point for another decline...
On the daily chart, bears managed to seize the initiative and return USD/JPY to the long-term downtrend channel.
On the daily chart of EUR/JPY, bears pulled the pair below an important support at 128.85 (38.2% of the long-term rising wave) and are trying to return it to the descending channel.
Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines
The main intraday target is the lower 'Window' (110.20). If a pullback from this level happens next, we're going to have a bullish correction...
The main intraday target is the lower 'Window'. A pullback from this level could be a starting point for another bullish price movement...
Bearish Ichimoku Cloud with rising Senkou Span B; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines.