GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
EUR/JPY: buyers have a good chance
Recommendation:
BUY 130.8
SL 130.25
TP1 131.8 TP2 132.8 TP3 133.8
On the daily chart, EUR/JPY is forming a “Dragon”. A break of resistance levels at 130.5 and 131.2 (Fibonacci levels of 78.6% and 88.6% of the wave AD of the “Bat” pattern) and renewal of the “Dragon’s” head will allow bulls to continue the way up.
On H1, a “Shark” is transforming into 5-0. After a pullback from support at 38.2% of the wave CD, bulls seized the initiative. The necessary condition for the continuation of the rally will be the increase above resistance at 130.8.
Ivan Karamazov
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Latest news
GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
XAU/USD: a short-term trade
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
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