EUR/JPY
eurjpy triunghi.jpg
After breaking out of that symmetrical triangle formation the other week, EUR/JPY established stronger upside momentum by forming an ascending channel pattern. Price is currently testing the channel resistance and might be due for a correction since stochastic is indicating overbought conditions. More buyers could be waiting at the channel support around the 115.50 minor psychological level and PWL, which also happens to be a former resistance area.
WO: 117.51
Top WATR: 118.67
Bottom WATR: 116.36
PWH: 117.49
PWL: 115.54
eurjpy triunghi.jpg
After breaking out of that symmetrical triangle formation the other week, EUR/JPY established stronger upside momentum by forming an ascending channel pattern. Price is currently testing the channel resistance and might be due for a correction since stochastic is indicating overbought conditions. More buyers could be waiting at the channel support around the 115.50 minor psychological level and PWL, which also happens to be a former resistance area.
WO: 117.51
Top WATR: 118.67
Bottom WATR: 116.36
PWH: 117.49
PWL: 115.54
(Discuss) Today Watch: Nov. 21 2016
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