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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. 




XAU/USD: how about a buy trade?

XAU/USD formed a “hammer” candlestick on the D1 ahead of the 100-day MA. The price made a higher low on the H4 and now only the resistance at $1 877 separates the precious metal from further gains.

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