EUR/JPY broke support zone

EUR/JPY broke support zone

  • EUR/JPY broke support zone
  • Next sell target - 116.00

EUR/JPY has been falling in the last few tarring sessions – after the earlier breakout of the support zone lying between the support levels 119.00, 118.20 (which reversed the previous sharp impulse wave (1) in February, as can be seen below) and the 50% Fibonacci correction of the previous sharp upward impulse from October of 2016. 

EUR/JPY is expected to fall further in the active impulse waves 3 and (3) toward the next sell target at the support level 116.00 (former strong resistance level from last September and October).

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera