Harro_Aitai

Harro_Aitai

If the price breaks trough the 4H support line, it will drop down some more untill the weekly fibo extension 1.272. If the bulls take power and it breakes trough the trendline and above 1216, then it should go higher untill the latest 4H resistance that was tested in july around 1236.

Harro_Aitai

If the price breakes the 1215-1216 resistance zone, the bulls will have a strong breakout up. Gold has been down that level way too long and USD strenth is rubbish.

Harro_Aitai Updated 

The EURJPY pair is downtrend in weekly and monthly. The daily uptrend should have a retracement down to the Daily Fibo 618 line. But it has to break monthly support first.

Harro_Aitai

It has reached to 50% retracement on daily chart. And seems to be uptrend in 4H chart.

Harro_Aitai

According to Fibo and Bat it should drop.