Good morning guys,
On EUR/JPY, we have a bullish daily trend. According to my view, the price could retrace to the 148.300 area, where I have identified a POI zone. This will be my area of interest in which I will look for a short trade.
Let me know in the comments what you think.
Happy trading to everyone!
Forex48 Academy
After a bullish rally, the price has made a double top and subsequently broke the trend line of a rising wedge. The price is now consolidating.
We are waiting for the price to break the consolidation pattern to execute the trade.
Happy trading folks!
EURUSD has been around a key level 1.16 for several weeks. Price couldn't break above the 1.17 level, going back down below the so called support level (1.16). Despite the fact that this zone hasn't been tested enough to consider it now a resistance, fundamentals might give us this impression. So what can we expect from the EURUSD:
Fundamentals: Speculations...