The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
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.
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
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