If the head and shoulder pattern plays it traditional outcome we should be heading towards the circled target.
We are heading to a previous low and testing the previous resistance trendline.
I am expecting some sort of recovery of the EUR vs the JPY but will end up reaching the magnet target (126-125).
Yen is also considered a safe haven currency in volatile markets ;)
Cheers
We are heading to a previous low and testing the previous resistance trendline.
I am expecting some sort of recovery of the EUR vs the JPY but will end up reaching the magnet target (126-125).
Yen is also considered a safe haven currency in volatile markets ;)
Cheers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.