As you can see carefully the EURJPY daily chart, we see head and shoulders pattern. Pair currency reach support zone ( 116 area) last week. In my view, EURJPY will do corrective move up minor resistance or zone resistance after that it will start impulsive move down for below 116 area. Consolidating price below 116 area open door to 111.50...
The USDJPY hit 101.19 level two weeks ago and then it pullback to below 112.14 resistance and the descending channel resistance. As you can see USDJPY is in descending channel and if price break green zone and descending channel, consolidating above 112.14, the pair currency would move up 118.55 Alternatively, weekly support is 104.63, price fall down bottom of...
As you can see, the EURJPY is so messy at H4. Pair currency could not break green area or consolidate above it last week. This week I think price would move to daily support 116.10. Key level is 116.10 if price break this support, EURJPY move down lower supports. Alternatively, EURJPY consolidate above 116.10 level and attracting buyers, price move toward 122.60 area.
As I expected, the EURUSD broke support descending channel and pair currency consolidate below it last week. Market was bearish about 11 days. If price consolidate below 1.0775 and 1.0702 resistances, EUR would more fall to lower supports 1.0562, 1.0519, 1.0455 Alternatively, consolidating above 1.0775, price would move up 1.0995
The EURUSD broke downtrend channel and price touched 1.1490 resistance after that the pair currency comeback in channel on 1.1056 support last week. Key levels at H4 are 1.1056 and 1.1490 but we can see more supports and resistance. In my view, zone area is between 1.1173 and 1.1230 levels. For this week, EURUSD could attract sellers at this area and I anticipate...