EUR/JPY: euro is resuming its trend

EUR/JPY: euro is resuming its trend

Recommendation:

BUY 133.65

SL 133.1

TP1 134.65 TP2 136

On the daily chart, EUR/JPY reached the targets of “Wolfe waves” pattern. A break of diagonal resistance at 2-4 increased risks of an uptrend’s resumption. To reach targets at 161.8% and 224% of AB=CD the pair should renew November high.

EURJPY1.png 

On H1, EUR/JPY formed “Wolfe waves” and “Deep Shark”. Correction to 23.6%, 38.2% and 50% of the wave CD are usually used for forming long positions as the Shark is transforming into 5-0.

EURJPY2.png

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

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

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