FX.co ★ monte.mann | Analisa Pasar EURJPY

Hello traders. EURJPY. Euro/Yen today has made a decent move to the south, and the bears still hold the initiative. So I continue to look south as a more priority option for myself, although there are hints of a reversal in the local perspective. On the hourly chart, indicators fully support further movement to the south, the pair has triggered a sell signal intraday, but the Bollinger Band has already hinted at the end of the upward impulse and the beginning of a local correction to test its lower middle. That's why I mentioned that it might wander north, with a rough target of 183.50 in the short term. On the four-hour chart, indicators still point south, and the Bollinger Band is still expanding, indicating the incompleteness of the current downward impulse in the medium term. So, I am looking globally towards the south, but will open short-term short positions when signals are activated.