Levels to trade EUR/USD
EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
USD/JPY: should we sell the pair?
2019-11-11 • Updated
Recommendation:
SELL 113.1
SL 113.65
TP1 112.1 TP2 111.6 TP2 110.2
On the daily chart of USD/JPY, bears failed to break below the bottom line of the upward channel within the implementation of the “Three Indians” pattern. If only they will break below 111.6, the pair will move to the 88.6% target of the “Shark” pattern.
On H1, bears couldn’t resume the pair to the previous 110.2-111.6 consolidation, it signaled their weakness. A rebound from the 88.6% target of the “Shark” pattern will let to form shorts.
Ivan Karamazov
Similar
USD/JPY: selling may continue
USD/JPY is declining for the fifth day in a row. When the pair fell below 105.00, it entered a new, lower range.
USD/JPY: target for selling
The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
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