EUR/JPY: short-term upside

EUR/JPY: short-term upside

BUY 126.25; TP1 127.00; TP2 127.30; SL 126.05

EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area. It’s the natural place for the pair to find some support. The pair formed a bullish engulfing pattern on D1. The short-term recovery may take the euro to 127.00/35. Then the selling pressure will likely return.

EURJPYDaily.png

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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