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3 Legitimate Buying Opportunities: EUR/JPY, GBP/JPY And EUR/USD

Published 07/05/2018, 04:42 AM
EUR/USD
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EUR/JPY
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GBP/JPY
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GBP/JPY broke two down trendlines and the upper line of the pennant formation. Everything is ready for the buy signal. Almost everything, as we still need to break the horizontal resistance around the 146.5. Once the H1 candle will close above the green area, we will receive a significant buying opportunity.


Next one is the EUR/JPY, which for the past few days was closed inside of a tight range between 128.6 and 129.5. The price closing above the upper border will be a nice buy signal. Currently that is more probable as the price is attacking this resistance as we speak.


EUR/USD defended the mid-term horizontal support and the long-term up trendline. Time for a bullish counter. The price is breaking the mid-term down trendline but for the proper signal we still need to see the breakout of the resistance on the 38,2 % Fibonacci.

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