EUR/JPY: bulls went to the stable

EUR/JPY: bulls went to the stable

Recommendation:

SELL 133.05

SL 133.60

TP1 132.05 TP2 131.5

On the daily chart, EUR/JPY is trading in the “Shakeout-Fakeout” pattern. After reaching 161.8% target of AB=CD the pair returned inside the previous consolidation range of 131.50-134.30. A break of the lower border of an uptrend will increase the risks of correction to the long-term bullish trend.

EUR1.png 

On H1, a successful test of support at 133.05 will allow bears to trigger the “Shark” pattern and make the pair go to 88.6%.

EUR2.png

Similar

Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Latest news

Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

Deposit with your local payment systems

Learn more

Callback

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

Beginner Forex book will guide you through the world of trading.

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