EUR/JPY: bulls took a break

EUR/JPY: bulls took a break


BUY 133.35 SL 132.8 TP1 134.35 TP2 135.8 TP3 136.7

SELL 132.9 SL 133.45 TP1 132.1 TP2 131.9 TP3 131

On the daily chart, EUR/JPY keeps rising towards 88.6% target of the “Shark”. Formation of the inside bar at the important level of 50% of the wave XC points at uncertainty. Bulls are doubting their strength.


On H1, EUR/JPY after forming a “Broadening wedge” as a continuation pattern consolidated in the 132.90-133.35 range within the “Spike and ledge” pattern on the basis of 1-2-3.




USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

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