EUR/JPY: follow the chart to determine your trade
2018-10-11 17:00 FBS
Recommendation:
SELL 128 SL 128.55 TP1 127 TP2 126.6 TP3 125.6
BUY 132.15 SL 131.6 TP1 133.15 TP2 134.15 TP3 136.15
On the daily chart of EUR/JPY, the correction to the 4-5 wave within the implementation of the “Broadening wedge” pattern keeps going. A pullback from the diagonal support will support bulls and will let them continue the rally to the 88.6% target of the “Bat” pattern. On the contrary, a return of the pair to the downward channel will increase risks of the fall to the 88.6% target of the “Shark” pattern.
On H1, the pair is moving to targets of the “Spike and reversal with acceleration” pattern.
EURJPY
- EURUSD Weekly Technical Forecast: Euro Flirting with Support Break
- EURUSD Technical Highlights: Euro seeing limited sponsorship around important support Change in character from before may be sign of momentum to come Check...
- Charts for Next Week: EURUSD, CHFJPY, AUDJPY, Gold Price & More
- The Euro is doing its best to hang onto support but is starting to look like it might want to break. If it does this could lead to some decent momentum. JPY-pa...
- Euronext confident 'dual-listed' trading to continue after Brexit
- © Reuters. FILE PHOTO: The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie...
- MarketPulse Europe: Autos Drag as Stocks Aim for Another Week of Gains
- © Reuters. Investing.com -- Europe’s stock markets are edging higher Friday, on course for what would be their...
- The Euro is ready to reach stability. Overview for 15.02.2019
- The major currency pair stopped falling on Friday and started a correction. After serious fluctuations earlier this week, EURUSD is looking neutral on Frid...
