EUR/JPY: Bulls are going to attack once again

EUR/JPY: Bulls are going to attack once again

On the EUR/JPY daily chart, there is an uptrend. Bulls failed to test the resistance at 128.9 (61.8% from the XA wave of the Bat pattern). A successful retest will increase the risks for the realization of the targets in junior and senior AB=CD patterns. They form the convergence zone 129.95 – 130.4. 


On the EUR/JPY hourly chart, after the long rise, the pair stepped into the consolidation range of 127.5 – 128.9. A break of its lower border might lead to the development of the correction. In contrast, a successful test of the upper border will lead to the restoration of the rally.  





Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


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