Continuing on from yesterday's chart, this extract comes from the Possible EUR/JPY and NZD/JPY Correlation Trade blog on the Vantage FX News Centre. Zooming into the NZD/JPY chart on its own, you can see that price is still sitting right on resistance while EUR/JPY got the beginnings of a potential rejection yesterday. If you took yesterday’s EUR/JPY short and...
From today's Chart of the Day on the Vantage FX News Centre. EUR/JPY is a Forex cross that I haven’t had on my watch list for a while now, but it’s time to bring it back for a look. The daily chart has coiled into a triangle, with the most recent touch of trend line resistance coinciding with a horizontal SR zone that has been tested all over the place in the...