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FX:EURJPY Forming Symmetrical Triangle

Interval: H1 The EUR/JPY has formed a very interesting symmetrical triangle. Even though, the price has braked  the trend line, this pattern may very well announce the continuation of the up move. A break over the upper line of the triangle could send the price at the 117.00 level. On the other hand a break under the lower line could be the signal for a corrective move that would retest 112.40. … [Read more...]

FX:EURUSD Consolidation Technical Analysis

Interval: H1 EURUSD has rejected from the 1.3 key level, as expected. It retested 1.3080 and continued the consolidation between the levels that I have mentioned. This start of the week seems to be quite calm, nothing important that could trigger a larger move. Still, if the market will get and impulse, we should look for a break under 1.3, a trend continuation with the next target at 1.2890, or  a break over 1.3080 with a new target at 1.3140/43. … [Read more...]