Technical Analysis

EURJPY and USDJPY holding a decrease pattern line

Not working increased or decrease in the intervening time

The EURJPY and USDJPY have comparable charts. Each fell on the flash crash and have been ratching increased over the past two days.

Trying on the EURJPY, the low within the NY session stalled proper at a decrease pattern line. Above the pair targets the 50% retracement at 123.879 after which the 100 hour MA at 124.24

For the USDJPY, it too has been discovering help on the pattern line. On the topside a pattern line and 100 hour MA are available at 108.78 and 108.86 respectively (transferring decrease).   A transfer above opens up the upside. 

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