Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
EUR/JPY: bulls counterattacked
2019-11-11 • Updated
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.
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.
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