USD/JPY: all the Moving Averages broken
There's no any reversal pattern so far, which means the price is going to continue falling down towards the closest support area...
EUR/JPY looking to consolidate above 132.00
EUR/JPY has been immersed in a corrective move since August 30th, looking forward to test a demand zone between the 50% and 61.8% at 129.61 and 128.99 respectively, according to our Fibonacci outlook. At H1 chart, we can note that a bearish crossover of moving averages is happening and it could strengthen the bearish bias in the pair.
If it manages to rebound above the demand zone, it can be targeting the -23.6% Fibonacci retracement level at 132.66, which should be our for objective in a first degree. RSI indicator is at oversold territory.
Felipe Erazo
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Highlights of the ECB meeting and press conference.
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