EUR/JPY rising in  impulse wave (iii)

EUR/JPY rising in impulse wave (iii)

  • EUR/JPY reversed from support zone
  • Next buy target - 134.50

EUR/JPY recently reversed up with the daily Hammer from the support zone lying between the support level 131.60 (former resistance from August), 38.2% Fibonacci correction of the previous upward impulse (i) and the 30-day moving average. The upward reversal from this support zone started the active minor impulse wave (iii), which belongs to the impulse 5 of the intermediate impulse wave (3) from April. EUR/JPY is expected to rise to the next buy target at the next resistance level 134.50 (top of the previous impulse (i)).


Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


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