EURJPY

Interesting situation on EURJPY. On Friday after decrease below Tenkan-sen 123.06 sell signal was generated on D1 chart. Today chart came back to (3/8) 123.44 and today’s price behaviour is really important. Another decrease below Tenkan-sen would suggest that there was only a correction and there will be next 121.87 support test. It is really important level and EURJPY bounced from it few times already – it is monthly Senkou Span B. If this support will fail, there will be open way all the way to another Murrey lines 120.31 and 118.75. This scenario is supported by earlier test of daily Senkou Span B 124.85. It would mean that EURJPY correction already happened.

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USDJPY

Today price came back above Kijun-sen 108.70, there is possibility of testing Senkou Span B 110.00. Chikou Span is pro this scenario – it is above chart. On the other side if USDJPY will decrease below Tenkan-sen 107.90 there will be first ell signal with range 106.25 and then 104.69.

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