0
0
October 29, 2020 at 02:35PM
• EURJPY broke support area
• Likely to fall to 121.00
EURJPY recently broke the support area lying between the key support level 122.60 (low of the previous short-term impulse wave A) and the 38.2% Fibonacci correction of the upward impulse from May.
This fibonacci retracement also coincided with the 61.8% Fibonacci correction of the upward impulse from June – forming the Fibonacci cluster.
EURJPY is likely to fall further toward the next support level 121.00 (target price for the completion of the active minor impulse wave (iii)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurjpy-wave-analysis-29-october-2020-20201029/
Selected by fonecable.com
Search Web: EURJPY Wave Analysis 29 October, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating