EURJPY stays above an ascending trend line on its daily chart, indicating that the price remains in the uptrend from 114.85. As long as the trend line support holds, the upside movement could be expected continue. On the 4-hour chart, …
EURJPY made a nice three wave rise in the past couple of hours, which we now see as wave B) in final stages. That said price is trading near the lower trendline, which can offer some resistance and push prices lower. A five wave fall from …
Are they right? Let’s see the chart below and check it out. Chart 1: The price of gold (yellow line, left axis, London P.M. Fix, weekly average) and the EUR/JPY (red line, right axis, weekly average) exchange rate from January 1999 to May …
Talking Points: In our last article, we looked at the continuation of bullish price action in EUR/JPY after the prior three weeks saw a significant burst-higher. But as we advised, with Non-Farm Payrolls on the docket for later in the week …
To receive Ilya's analysis directly via email, please SIGN UP HERE Talking Points: The Euro is in consolidation mode after sliding to a one-month low below 137.00 against the Japanese Yen. A daily close below the intersection of channel top …