On the 5
minute chart of the Euro versus the Yen we can see that the pair has broken
above the 128.00 level and it has returned to that zone. It is possible for the
128.00 to become support and the price may bounce again to the upside.
Therefore, we should be attentive to a possible bullish bounce. Its next
resistance could be the 129.00 level.
Thank you for the assessment.
ReplyDeleteExcellent analysis!
ReplyDeleteWell spotted! I'll keep it in mind.
ReplyDeleteAfter the significant decline from yesterday the seems to be forming a double bottom in the hourly chart.
ReplyDeleteGreat analysis, thank you.
ReplyDeleteImportant information, will keep it in mind!
ReplyDeleteInteresting info!
ReplyDeleteGreat post.
ReplyDelete