EUR/JPY: short-term upside

EUR/JPY: short-term upside

2019-11-11 • Updated

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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