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EUR / JPY
Senior timeframes
At the end of last week, the pair continued its decline, but the bears failed to reach the targets for the day target to break the cloud. As a result, the role of immediate support remains behind the levels of the daily target (130.76-01), strengthened by the monthly Tenkan (129.95). In the case of the development of an upward correction, the first resistance will now be provided by the daylight Tenkan (132.13).
H4-H1
In the process of reduction, the players on the downgrade fulfilled the target for the breakdown of the H1 cloud, it is the target H1 (131,40-20) that now has the attraction and support. Overcoming the goal opens the way to support for the senior half, 130.76 and 129.95. If the players on the upgrade can now deploy the cross H1 and reliably gain a foothold above the Tenkan H4 (131.37), then the main resistance will be in the area of 131 - 132.13 (Kijun N4 + Senkou Span B N1 + day Tenkan), the next resistance can be note at 131.50 (cloud H4 + weekly Fibo Kijun).
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