EUR/JPY
The Japanese yen is considered to be a safe haven for investors in a time of crisis and uncertainty. The euro-Japanese yen pair on the short graph (4 hours) appeared a triangle pattern that can be used as a trigger for an entry into a long or short position in the event of an upwards breakthrough. A closure daily above the level of 111.60 will confirm the pairs upwards breakthrough. On the other hand, a downward movement could lead to its nearest support around 106.16, this level will be a good entry point to buy in view of the price objective of short to medium term is evaluated around the previous peak levels of 118 , 00 yen per euro.
