EUR / JPY
Senior timeframes
The day-long dead cross is still alive. Its lines have entered the horizontal, as the players on the rise could not get rid of its attraction. The medium-term trend (130.66) is now used as support, and Fibo Kijun (131.07) served on Friday as resistance. Exit the zone of attraction of the day cross and continue the rise will completely eliminate the dead cross and test the new resistance of the week-long cross and daytime cloud (132.20 - 133.21 - 134.22). If the pair lose the support of the daily cross (130.25-35 Tenkan + Fibo Kijun), then we can expect the development of a new stage of decline.
H4-H1
Strengthening the above resistances (131.07-31) and updating the high of last week (131.79) opens new upside prospects, in addition for players to increase the working capacity of the target for the breakdown of the cloud H4. If we talk now about the prospects for players to fall, the most significant is the support zone 130.66-35. The breakout will mark the upside target of H4, form a downgrade and allow us to consider other bearish landmarks.
