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EUR / JPY
Senior timeframes
The result of interaction with the most significant zone of resistance (133.22-41 week Kijun + daytime Senkou Span B) continues to form. Overcoming the zone and securing above can significantly affect the further development of events, while the players will be opened to new prospects and targets. The formation of a rebound from the resistances encountered may, in the current situation, also significantly affect the subsequent events, allowing players to step down with new forces to proceed to the next stage of decline.
H4-H1
The situation so far remains within the framework of the struggle with resistances 133.22-41. The players on the rise is clearly not strong enough and active, so the initiative is now very quickly can move to rivals. For bears in terms of support, the key area today may have a zone of 132.74-54-42 (upper-tier levels + cloud H1 + cloud H4 + final lines of the cross H4). The breakdown and consolidation below will change the balance of forces at lower dimes, form downward targets and can serve as the basis for the formation of rebound from 133.22-41 at the older time intervals.
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