Today's Support and Resistance Levels:
S1: 95.71 R1: 96.05
S2: 95.50 R2: 96.62
S3: 95.33 R3: 97.32
Technical Overview:
The price action was sideways and very shallow since yesterday. The lack of dynamic price action signifies about possible deeper decline in blue wave ii towards 95.33, which a break below 95.88 will indicate. A break above minor resistance at 96.45 will indicate that blue wave ii did indeed ended at 95.50 and that blue wave iii is ongoing towards the 100.63 - 100.73 area.
Trading Recommendation:
You should be long EUR against JPY from 95.85 with a 94.05 stop. If you are not long EUR already the buy EUR at 95.40 or upon a break above 96.45 (buy at 96.50) - one cancels the other - with the same stop.
