When to buy EUR/JPY?

When to buy EUR/JPY?


BUY 129.95

SL 129.40

TP1 131.15 TP2 131.95 TP3 134.05

On the daily chart, if EUR/JPY breaks the diagonal resistance and exits the uptrend channel, it may form AB=CD and trigger a “Broadening wedge”. On the other hand, a pullback will allow bears to continue the selloff.


On H1, there’s a “Wolfe waves” pattern. A successful test of resistance at 129.95 will increase the odds of the pair getting to 130.35 (projection from the point 5) and 131.15 (target on the line of 1-4).



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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