By: Dima Chernovolov EUR/JPY continues to fall inside the clear 15-minute Falling Wedge chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 5-bar level – which is the result of the slow Initial Trend (2 bars), average Uniformity (5 bars) and strong Clarity (8 bars). EUR/JPY […]

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By: Dima Chernovolov EUR/JPY continues to fall inside the uniform 30-minute Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 6-bar level – which is the result of the slow Initial Trend (3 bars), above-average Uniformity (6 bars) and strong Clarity (8 bars). EUR/JPY […]

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EUR/JPY has broken through a resistance line of a Double Bottom and suggests a possible movement to 121.6420 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a […]

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Those of you that are trend followers are probably eagerly watching EUR/JPY to see if its latest 1.51% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 6 days move. Did you know that our social media feeds are updated only 3x per day, and […]

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