Saturday, April 20, 2019
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EUR/JPY 25/02/19 | EconAlerts

Technical Analysis – EUR/JPY maintains a bearish profile

EUR/JPY set to complete a symmetrical triangle. EUR/JPY rose above the 50-day moving average (MA) last week but its positive action remained constrained within the symmetrical triangle. The pair is currently completing the triangle pattern and the technical indicators suggest a bullish breakout as the MACD has successfully entered the positive

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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

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