Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/JPY: euro wants freedom
Recommendation:
BUY 130.3 SL 129.75 TP1 130.95 TP2 132 TP3 132.2
SELL 129.4 SL 129.95 TP1 128.4 TP2 128 TP3 126.7
On the daily chart of EUR/JPY, bulls keep trying to trigger “Shakeout-Fakeout” and “Shark” (targets at 88.6% and 113%). For that, they need to return the pair to the middle of the previous consolidation range of 129.15-132.15.
On H1 of EUR/JPY, a break of resistance at 130.30 will increase the odds of going to 88.6% and 113% targets of a “Shark” pattern. On the other hand, a decline below support at 129.4 will return the pair inside the downtrend channel and open the way down to 128 and 126.7.
Ivan Karamazov
Similar
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
NZD/USD: tipping out
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
Latest news
DAX30: steady for now?
What moves the German index?
USD/CAD surged on failing oil and risk-off sentiment
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
Tips for trading gold
How to trade gold in 2020?
Deposit with your local payment systems
