Break back below 135.35 area could potentially put the price back under bearish pressure area to retest 135.00 or even 134.55 area. While it takes a break consistently above 135.80 area to promote the sustainability movement bullish testing 136.20 area before targeting the MA-200 at around 136.60.
Lack of Catalysts, EURJPY Trapped in the range 135.35-135.80
Referring to the 4-hour chart, as the bias tends to neutral stochastic and RSI moves around the center line with a range of potential trading range between 135.35 (Fibo 38.2% of 126.08-141.04) to 135.80.
Break back below 135.35 area could potentially put the price back under bearish pressure area to retest 135.00 or even 134.55 area. While it takes a break consistently above 135.80 area to promote the sustainability movement bullish testing 136.20 area before targeting the MA-200 at around 136.60.
Break back below 135.35 area could potentially put the price back under bearish pressure area to retest 135.00 or even 134.55 area. While it takes a break consistently above 135.80 area to promote the sustainability movement bullish testing 136.20 area before targeting the MA-200 at around 136.60.
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