We apologize for the decline in contributions, however, we were really busy finalizing our presentation for this weekend. The good news is, we've completed everything and will hopefully get back on track to more analysis.
Today, let's pull up the EUR/JPY hourly chart.
It looks like the overall trend is still bearish and look for a test of the 103.00 area and below. If we can break the 103.00 area and break away, then we may see a nice test of the century mark.
We could see a potential test of the upper trend line but be cautious and re-analyze if we see the pair move up to the 106.00 and then the 108.00 area, 2 tough resistance levels.
Good luck with trading.