EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
USD/JPY: intraday opportunities
Information is not investment advice
USD/JPY has been slowly moving higher during the recent days and approached September highs in the 108.47 area. There are bullish signs on the chart: positive end of the last month, the bullish cross of the 50- and 100-period MAs on H4, bullish breakouts of 108.00 and 108.20. The series of higher highs gives bulls a chance of more upside. The break above 108.50 will be able to bring the pair to 109.00. Much will depend on American ISM Manufacturing PMI due at 17:00 MT time and the speeches of the Fed members. All in all, the technical outlook will worsen only is USD/JPY falls back below 108.00 and 107.78 (100-day MA).
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
Gold surpassed $1 800. Will it set new record?
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
Choose your payment system
