Tag - jpy - japanese yen

USD/JPY: yen can strengthen
USD/JPY: yen can strengthen

On the daily chart of USD/JPY, the “Shark” pattern is transforming into 5-0. After a correction to 50% of the wave CD, an advance above May high will open the way up to the pair.

EUR/JPY: euro is hunting sharks
EUR/JPY: euro is hunting sharks

On the daily chart, bulls counterattacked after EUR/JPY reached 161.8% target of AB=CD. They managed to return the pair inside the previous consolidation range of 129.15-132.15.

Trading plan for June 7
Trading plan for June 7

Although Wednesday’s US economic data were positive, the greenback continues to lose positions.

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