How Will BOJ Statement Affect the Yen?
The Bank of Japan is expected to release a statement regarding its monetary policy for the second time this year. This statement, due on the 10th of March, usually...
EUR/JPY: bulls are dreaming about the rise
2019-11-11 • Updated
Recommendations:
BUY 131.65
SL 131.1
TP1 132.65 TP2 133.7 TP3 134.3
On the daily chart EUR/JPY, the pair reached the 113% target of the “Shark” pattern. As a result, risks of the correction increased. The return of the pair to the previous low is a necessary condition for its implementation. If bulls fail, it will mean their weakness.
On H1, EUR/JPY reached targets of the triangle. Currently, “Wolfe Waves” pattern is developing. To implement it, the pair should come back to the resistance at 131.65 with its subsequent successful test.
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