Trade Successfully
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 consolidates within the symmetrical triangle. EUR/JPY is trapped within the 124-126 area as the 50% and the 38.2% Fibonacci levels of the down leg from 133.21 to 118.57 seem to be keeping price movements under control and within the symmetrical triangle which appeared more clearly after the rebound on the 38.2% Fibonacci
Read More
EUR/JPY continues trading in an upward sloping range. EUR/JPY is falling today after the strong jump above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The pair is struggling within an upward sloping channel since January 15, finding strong resistance obstacle around the 50.0% Fibonacci retracement level of the down
Read More
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
EUR/JPY steadily rises to 1-month high; neutral in the short-term. EUR/JPY has been steadily rising this week to reach a one-month high of 125.45 on Wednesday, but the RSI has yet to show strong momentum above its 50 neutral level for the market to pick up steam. The Ichimoku indicators back this view
Read More
EUR/JPY creates a positively aligned channel in the near term. EUR/JPY has struggled within an upward sloping channel over the last couple of weeks finding strong resistance obstacle around the upper Bollinger band. According to the technical indicators, in the 4-hour chart, the RSI and the MACD are slightly losing momentum
Read More
EUR/JPY struggles in tight Bollinger Band; neutral in the near term. EUR/JPY has been moving sideways over the last three weeks with upper boundary the 125.05 resistance and lower boundary the 123.40 support. Currently, the mid-level of the range is the 38.2% Fibonacci retracement level of the down-leg from 133.10 to
Read More
EUR/JPY fails to jump above narrow range; bearish in the medium-term. EUR/JPY has been moving within a sideways channel over the last couple of weeks with upper boundary the 125.05 resistance and lower boundary the 123.40 support. Currently, the price is consolidating below the simple moving averages as well as below the 38.2%
Read More
EUR/JPY recovers well above a 21-month low; SMAs seem ready for bullish cross. EUR/JPY has been edging higher since the price found strong support at the 21-month trough, registered on January 3 and surpassed the 38.2% Fibonacci retracement level of the down-leg from 133.10 to 118.57, around 124.10. It is worth mentioning
Read More
EUR/JPY holds above a multi-month low of 118.57; strongly negative in the medium-term. EUR/JPY tumbled to a new 21-month bottom today, hitting the 118.57 support level. The price is moving higher at the moment, jumping above the 23.6% Fibonacci retracement level of the down-leg from 133.10 to 118.57, around 122.00. According
Read More