Trading news

EUR/JPY Trapped in a Consolidation Pattern

The EUR/JPY has been consolidating close to POC zone with M emerging pattern shaping up. The POC 121.15-30 (trend line, ATR pivot, 78.6, order block) is also very close to H4 camarilla resistance and rejections from the zone could confirm M pattern. Rejections from POC targets 120.75 and a break of 120.70 targets 120.54, 120.15 and 119.90. If the price spikes above 121.30 we might see 121.65 that is the top of ATR projection. As long as the EUR/JPY is capped below 121.65, chance for a bearish continuations are good.

Admiral Markets Review

Monday, 13 Feb, 2017 / 4:00

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://admiralmarkets.com/analytics/technical-analysis/eur-jpy-trapped-in-a-consolidation-pattern

Trading news

 

Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under