Technical Analysis of EUR/JPY For Today

EUR/JPY Today

Bearish candlestick formation "Kharami" allowed the pair to perform a U-turn in favor of the Japanese currency and start falling towards 261.8% Fib level- 139.41. Education bullish candlestick formation allows traders to expect a reversal in favor of the euro and some growth in the direction of the correctional level 323.6% -150.07. Securing quotations below the 261.8% Fib increase the likelihood of further depreciation in the direction of the next correction level 200.0% -128.71. After the formation of a bearish candlestick formation "veil of dark clouds" on the 4-hour chart the pair performed a U-turn in favor of the Japanese yen and the beginning of the process of falling in the direction of the correctional level of 38.2%- 140.17. Bullish candlestick formation "Kharami" is not allowed to start a pair of growth and formation bearish "Kharami" allowed to continue to drop in prices. Formation of a new bullish formation allows traders May 7 count on a turn in favor of the euro currency pairs and some growth in the direction of the correctional level of 23.6% - 142.28.