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FTUKcom
Apr 6, 2021 8:36 PM

New highs incoming at 131 and beyond... Long

Euro Fx/Japanese YenFXCM

Description

Before:



More pronounced resurgence in the Yen has dragged the DXY down through 92.500 to test chart support in the form of a Fib retracement.

Market contacts note that buying in EUR/JPY started around 130.00 and continued all the way down to at least 130.40. Further bullish momentum anticipated.

Note also, another Eurozone sentiment survey topped consensus by a decent margin as the Sentix Index hit its best level since August 2018.
Comments
Signal_Forex
Nide
FTUKcom
@Signal_Forex, Thanks! :)
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