EUR/JPY: bulls counterattacked

EUR/JPY: bulls counterattacked

Recommendation:

BUY 127.65

SL 127.1

TP1 128.45 TP2 128.65 TP3 129

On the daily chart, EUR/JPY pulled back to 50% of the wave CD after reaching 88.6% target of the “Bat”. The pair may retest the diagonal support in the form of the upper border of the downtrend channel.

EURJPY daily.png 

On H1, EUR/JPY bulls keep moving to 88.6% target of the “Shark”. It’s located at 129. A pullback from the lower border of the uptrend channel and support at 127.65 will allow the euro to continue the attack.  

EURJPY h1.png

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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