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EURJPY - Higher Out of Technical Breakout

EURJPY - Higher Out of Technical Breakout

2015-02-03 14:21:00
Paul Robinson, Strategist
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Talking Points:

  • EURJPY another leg up underway
  • Broke out of channel and downtrend resistance
  • 13650-13750 looks plausible in the next couple of days

EURJPY breaking out of a consolidation pattern (channel) with a push higher in EURUSD. Yesterday, I highlighted the likelihood for EURUSD to move higher out of a triangle back to pre-ECB levels.

EURJPY 4-hr: Dec ’14 Present

EURJPY

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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