Free Sign Up Already have an account? JPY is neutral eur jpy actionforex forex the moment. But after all, the cross is supported well by the rising 55 day EMA.
And there is no sign of reversal yet. Near term outlook will remain bullish as long as 151. In the bigger picture, as long as 146. 96 key support holds, medium term outlook remains bullish. 36 is in favor to extend to 61. 96 support will indicate trend reversal. And there would be prospect of retesting 122.
On the downside, break of 134. 12 support is needed to indicate near term reversal. Otherwise, outlook will remain bullish in case of retreat. In the bigger picture, medium term rise from 109. On the downside, break of 132. 04 support is needed to indicate medium term reversal.
Otherwise, outlook will stay bullish in case of deep pull back. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Only post material that’s relevant to the topic being discussed. Even negative opinions can be framed positively and diplomatically.
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