NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
EUR/JPY: no one wants to yield
Recommendation: BUY 134 SL 133.45 TP1 135 TP2 136 TP3 138
On the daily chart, EUR/JPY keeps consolidating in the 131.50-133.95 within the “Spike and ledge”. Another test of resistance at 133.95 in case of success will increase the odds of an advance to 200% target of AB=CD.
On H1, a “Widening wedge” pattern is still actual. Bulls and bears didn’t choose a winner, but a successful test of resistance at 134 will mean the victory of the euro against the Japanese yen.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...