The Euro
has gone back to the 137.00 level versus the Yen and it seems like it has found
a good resistance there. On the daily chart we can see that the price has
formed like a Head and Shoulders pattern with two nice tops at the 138.00. In
order for the pattern to confirm, the price would have to break the 138.00 to
the upside, but another visit to that level could also give us a bounce to the
downside. Let’s see if the price breaks above the 137.00.
Thank you for the analysis i'll keep an eye on EURJPY.
ReplyDeleteGreat analysis, thank you. I need to pay more attention to EUR/JPY.
ReplyDeleteI will keep eye on this pair.
ReplyDeleteVery helpful analysis, thank you.
ReplyDelete