EUR/JPY: bulls went to the stable

EUR/JPY: bulls went to the stable


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.


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%.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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