EUR/JPY: 123.70 awaits
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
GBP/JPY has topped
Information is not investment advice
GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign. On the D1, the pair ran into the resistance of the 100-day MA (now at 134.50) and turned lower. On the H4, it has recently formed a lower high. The decline below this week’s lows around 133.30 may lead the pound down to the 50-day MA at 131.40. On the way down, there may be some support at 132.35 (38.2% Fibo of the September advance).
Elizabeth Belugina
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