EUR/JPY Inside of Diapason

Technical Reports

The cross remains inside of diapason under 134.48. Trading stays neutral. Choppy breach of 134.39/48 resistance area will suggest uptrend restoration. Short term prognosis is neutral. Following pivot points include: (S1) 131.79; (P) 132.10; (R1) 132.37.

Firm breach of 131.65 will argue rejection from fibonacci level of 134.20 and point out short term reversal. If that happens, trading will turn up on the downside towards key support of 127.55.

A medium term growth from 109.03 has hit the 61.8% retracement of 149.76 to 109.03 at 134.20. Firm breach in that spot will head towards the key long term resistance zone of 141.04/149.76. Breach of 127.55 support will indicate medium term reversal. Prognosis will become bearish towards larger decline for support zone of 114.84/124.08.