eurjpy-1h

On Friday I showed two options on EURJPY pair. Now it seems that price is starting to move down from intersection.

4h support was broken already, so now I moved down to 1h chart and look for a retrace back to previous support, now resistance marked at blue level. I also pulled a Fibonacci, so first option to go short is at 38% where is also EMA cluster and blue marked resistance.

eurjpy-4h

Basically this is range trade, so we could look to stay in the trade till 134.60, a bit bellow there is also MPP at 134.54 .

In Japan in future hours we have Monetary Policy Meeting Minutes news in EU we have German ZEW Economic Sentiment news.

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