EURJPY Neutral In 136.65-138.10 Area

EURJPY pair tend to be neutral if they see that the price is still between MA-50 and MA-200 on the 4-hour chart. MACD is below the zero level indicates the potential long-term decline while rising stochastic indicators signal a potential decline in the short term. Strengthening trend requires consistency rise higher than the nearest resistance 138.10 to give impetus to the strengthening of the next resistance area 138.65. Key resistance in the range of 139.25.

On the other hand, the price continues to move down below 136.65 support area should be able to put pressure continued to target the 135.95 area before it could approach the 135.50 key support area.