Daily
EUR/JPY continued its growth. Today it may fix above the correctional level of Fibonacci 38.2% - 100.69. The acceleration overcame the Harami candlesticks that is why we do not take this formation into account. No new formations were built. As the result, the quotes may go up to correctional level of 50.0% - 102.73 Fibonacci. But such move will be possible after the pair holds above 38.2%, thus, no earlier than on Monday. Besides, EUR/JPY still can make a turn to the downside and rebound from the correctional level of 38.2%. In this case the quotes may fall to 23,6% - 98.15. Bearish candlestick formation will intensify the suspense.
4h
On 4H time frame the pair continues its growth towards Fibonacci 100.0% - 101.61 due to bullish candlestick formation Harami and quotes rebound from correctional level of 76.4% - 99.84. Building of bearish candlestick formation may enable a short-term reverse to the good of the yen and initiate a rebound to 76.4%. But such combination is unlikely for now. If the quotes fix above the correctional level of 100.0% Fibonacci, we will anticipate a more noticeable rise on both time frames.
