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EURJPY Approaching 61.8 Fibo Level; Pair Could Bounce Higher

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Any solid recovery on EURUSD will also support EURJPY if we consider that USDJPY is bullish. So I decided to check the daily chart of EURJPY which is looking very interesting after recent spike from 61.8% Fibonacci level, especially if we consider that decline from June highs is in three waves. For now, it's too early for any bullish call, but I will look at this pair very closely for possible longs if current intraday leg up will extend in impulsive fashion to 134. Then I would be interested

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