EUR/JPY has rebounded

EUR/JPY has rebounded

Information is not investment advice

On the daily chart of EURJPY, the pair rebounded from the support at 117.78. Previously, the shooting star candlestick was formed, that may be a signal of the rise. The first target is placed at 118.70, the next is at 119.23. However, we see that Moving Averages have been moving down. It means that the pair may turn around. The continuation of the fall may be expected at 117.30. 




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After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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