Saturday, February 23, 2019
Home > EUR/JPY
EUR/JPY 20/02/19 | EconAlerts

Technical Analysis – EUR/JPY still in a positively sloped channel

EUR/JPY still in a positively sloped channel; bullish correction in progress. EUR/JPY is trading slightly below the 50% Fibonacci retracement level of the down leg from 133.10 to 118.57, around 125.85, surpassing the bullish crossover of the 20- and 40-simple moving averages in the 4-hour chart. The pair have been struggling in an upward sloping channel

Read More
EUR/JPY 06/02/19 | EconAlerts

Technical Analysis – EUR/JPY strongly bearish in the long term

EUR/JPY edges lower in an upward sloping channel. EUR/JPY has been retreating significantly over the last few hours, struggling within an upward sloping channel since January 15 finding strong resistance obstacle around the 50.0% Fibonacci retracement level of the down leg from 133.10 to 118.57, around 125.85. According to the technical indicators, in the 4-hour chart,

Read More