EUR/JPY: follow the chart to determine your trade
Read the article on FBS website
Recommendation:
SELL 128 SL 128.55 TP1 127 TP2 126.6 TP3 125.6
BUY 132.15 SL 131.6 TP1 133.15 TP2 134.15 TP3 136.15
On the daily chart of EUR/JPY, the correction to the 4-5 wave within the implementation of the “Broadening wedge” pattern keeps going. A pullback from the diagonal support will support bulls and will let them continue the rally to the 88.6% target of the “Bat” pattern. On the contrary, a return of the pair to the downward channel will increase risks of the fall to the 88.6% target of the “Shark” pattern.
On H1, the pair is moving to targets of the “Spike and reversal with acceleration” pattern.
