EUR/JPY: bulls counterattacked

EUR/JPY: bulls counterattacked

2019-11-11 • Updated

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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