EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
USD/JPY has bottomed out
Information is not investment advice
Last week, USD/JPY formed a higher low. Then it broke above the resistance line connecting May 13 low and the highs of June. The pair reached the 38.2% Fibo retracement of the June-April decline and the 50-day MA in the 108.90 area. The advance above this neckline will confirm an inverted “head and shoulders” pattern and make the pair target 109.60 (50% Fibo) and 110.00 (psychological level). The scenario will be valid until USD/JPY trades above 108.40 (the neckline).
Elizabeth Belugina
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EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
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