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USDJPY - daily cloud top expected to contain correction

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro establishes in negative territory, following last Thu/Fri strong acceleration of pullback from 1.1494, double-rejection tops. This shaped last week’s trading in long red candle that marks the strongest weekly losses since May 2015. The pair cracked psychological 1.10 support on Friday’s acceleration lower, after 200SMA capped corrective attempts at 1.1120. Oversold 4-hour studies suggest correction, before renewed attempt lower, for clear break below 1.1000 support and bearish

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