EUR / JPY
Higher timeframes
The pair continues to hover in the zone of interest of the monthly short-term trend (132.54). At the moment, players on the rise are trying to achieve yesterday's profit and closed the day above 132.54. The significant resistance zone is currently in the range of 133.22-41 (weekly Kijun + Senkou Span B of the day cloud). In addition to the zone of interest (132.54), the support for today should be viewed at 132.07-20 (daytime Tenkan + weekly Fibo Kijun).
H4-H1
The profit continues to be on the side of the rising players, but the upcoming target of the lower timeframes is currently being worked out. Furthermore, benchmarks are at the high-level pace at 133.22-41. The main target of lower time intervals today is the support, despite the association of efforts with higher time intervals. Among the supports in the current situation, it is necessary to note the three most significant zones of 132.68-54 (Tenkan N4 Kijun N4 + cross N1 + cloud N1 + high-time levels), the breakdown changes in the order of strength of lower timeframes and forms a downward target on H1, then 132.20-08 (the upper boundary of the cloud is H4 + target H1 + high-time levels) and 131.71-46 (the lower boundary of the cloud is H4 + the high-time levels).
* The presented market analysis is informative and does not constitute a guide to the transaction.
