High volatility on EURJPY took place in the period from mid-August to mid-September. Since more than a week volatility considerably decreased and the price came into consolidation between levels 135.10 – 133.20. The nearest support level is 133.80, and the next resistances are 134.20, 134.80.

EURJPY-H1

Wider view, interval D1

After a dynamic uptrend, which lasted from mid-2012 to December 2014 currently the market is undecided about the further direction of movement. For all 2015 EURJPY slightly drops down. It can be break from further increases or change the trend to a downtrend. A possible change in trend confirms the fact that the current rebound is exactly 61,8% of the previous downward movement. As well as the fact that the price for 4 months was not able to reach the 140.70 level.

EURJPY-D1

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