EURJPY pair went higher yesterday.
However, looking at H4 and H1 chart. I see Bearish Divergence. So I am expecting some pullback from the current level.
Reading from H4 chart above, I would say the price may drop to 21EMA (138.00ish).
And reading from the above Hourly chart, the price may come down to 55EMA (138.20 ish).
However, due to the Summer (thin) market, the Divergence may be a fake one. 🙂
If the price breaks the resistance, you know what to do right?
YJ Baik – Forex.Today @ Tokyo