Filed Under:
Forex pairs in this Article » EUR/JPY
To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices turned lower as expected after putting in a Bearish Engulfing candlestick pattern
  • Clearing the 132.58-133.01 area would complete a Rising Wedge, signaling deeper losses
  • Break of support exposes 131.47 (38.2% Fib); resistance is now at the 134.00 figure
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Wedge Bottom in FocusDaily Chart - Created Using FXCM Marketscope 2.0

comments powered by Disqus