EURJPY is consolidating around the 135.00 handle after its recent pullback and has found its feet around the 134.44 level, which is the 23.6% Fibonacci retracement of the one-month rally from 124.38 until the 6½-year high of 137.53, the latter being a high that marginally breached the February 2018 peak of 137.49. Currently, the climbing […]
The post EURJPY’s Uptrend Active Despite Retreat from 6½-Year High appeared first on Action Forex.
In an interview with Helsingin Sanomat, ECB Vice President Luis de Guindos acknowledged the shifting priorities of the ECB as inflation continues to decline. Inflation is expected to return to the medium-term target of 2% Read more…
Daily Pivots: (S1) 193.16; (P) 193.89; (R1) 194.51; More… No change in GBP/JPY’s outlook and intraday bias stays on the downside. Corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. Further decline is expected in EUR/JPY with 163.19 support turned resistance intact. Corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper Read more…