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EUR/JPY broke pivotal resistance level 129.30
- EUR/JPY broke pivotal resistance level 129.30
- Next buy target - 131.40
EUR/JPY today broke through the pivotal resistance level 129.30 (former powerful support from March and May, as can be seen below). The breakout of this resistance level continues the active primary impulse wave ③ from last month. EUR/JPY is expected to rise further toward the next buy target at the next resistance level 131.40 (which reversed the price twice in May).
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.