Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: yen has a chance
USD/JPY: yen has a chance

On the daily chart of USD/JPY, a “Shark” is transforming into 5-0. Pullbacks towards 23.6%, 38.2% and 50% of the wave CD are usually used for opening long positions.

EUR/JPY: bulls are counterattacking
EUR/JPY: bulls are counterattacking

This increases the risks of a pullback to the lower border of the 129.15-132.15 consolidation range. To continue moving down, bears have to renew May low.

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