EUR/JPY

Senior timeframes

The pair could not cope with the resistance of the monthly Tenkan (132,54) and closed the week below the level, while the shape of the weekly candle is very similar to the Volchok, a candle of uncertainty and reflection. The area of 132.54 is still the center of attraction. The daily short-term trend has now shifted to the side of the bears and supports the development of a downward correction. The levels of 131.48 (daytime Fibo Kijun + daytime Senkou Span A) and 131 (day-time Kijun + week-old Tenkan) serve as guidelines for the decline today.

H4-H1

Getting rid of the attraction 132.54 and rising to the resistances of 133.22-41 remain unrealized tasks for players to increase. The zone of key resistance and attraction is still located around 132.54. The breakdown of the current supports and the consolidation under the cloud of H4 (Senkou Span B 132) will allow us to consider new downward benchmarks. The most significant support,in this case, can be noted on 131.48 and 131.