EUR/JPY continues to rise after the recent breakout of the 4-hour Triangle chart pattern identified by Autochartist – as you can see from the following trade opportunity alert for this currency pair. The pair is expected to rise further and to reach the target level 131.05 in the next 2 trading days. The stop-level for this forecast is set by Autochartist at 126.56 (point A). This forecast is fully aligned with the strong uptrend that can be seen on the daily charts. The upward-sloping moving average as well as the Volatility Analysis show below – both confirm this forecast.
EUR/JPY" width="600" height="364">
As you can see from the following Volatility Analysis chart for EUR/JPY, the upper border of the daily Expected Price Range (EPR) – 131.64 exceeds the target level given in the above forecast (131.05), while the lower border of the EPR (128.80) stands above the stop-level given above (126.56). Both of these facts heighten the likelihood the pair will continue to rise toward 131.05 tomorrow.
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Daily Forex Update: EUR/JPY
Published 07/02/2013, 06:18 AM
Updated 03/09/2019, 08:30 AM
Daily Forex Update: EUR/JPY
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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