Short Analysis on EUR/JPY EUR/JPY ends four-day negative streak. Turning the SELL-Off in to BUY-Positions. The Keypoints is 121.00 (orange Line), if a breakthrough this resistance happens, we can expect a rise to even 122.00. But if not, in short time we could have a correction down to 120.55. After that again BUY Position to 121.00. I assume there will be a sideway move on the next hours or Days.
Keypoints: - - Short vs Longs = -5800 vs. + 28'000 - RSI at 70.00 (slightly overbought)