Hourly divergence in the Rate of Change signalled on the 4th March lows. Bulls close in on both Wednesday and Tuesday session’s POC. Bulls propelled from support overnight from 27th Feb’s POC. EUR/JPY has completed a 61.8% Fibonacci retracement of Wednesday’s range. Bulls look to a 61.8% Fib target of the 2nd March highs at 120.21, 121.20 eyed on the top side. EUR/JPY has moved back to both Wednesday and Tuesday session’s POC, finding support overnight from 27th Feb’s POC. EUR/JPY has completed a 61.8% Fibonacci retracement of Wednesday’s range and is 2 pips shy of a 78.6% retracement of the same range. There was an hourly divergence in the Rate of Change signalled on the 4th March lows leading to an upside correction. Considering the break of the hourly trendline resistance, an additional push at this juncture will take the price to a 50% Fib retracement ahead of a run back to the 25th and 26th Feb POC’s confluence with a 61.8% Fib target at 120.21 of the 2nd March highs. On a wide outlook, the picture is bullish above and bearish below the structures drawn-out in the bottom chart. 121.20 eyed on the top side. Divergence in momentum and rate of change Testing daily structure, with room to the trendline 4-HR chart, bulls meet 50% retracement, target 61.8% Fibo target Daily chart bullish above bearish below structures FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: BTC/USD must overcome resistance at $8,935 on path back to $9,000 – Confluence Detector FX Street 3 years Hourly divergence in the Rate of Change signalled on the 4th March lows. Bulls close in on both Wednesday and Tuesday session's POC. Bulls propelled from support overnight from 27th Feb's POC. EUR/JPY has completed a 61.8% Fibonacci retracement of Wednesday's range. Bulls look to a 61.8% Fib target of the 2nd March highs at 120.21, 121.20 eyed on the top side. EUR/JPY has moved back to both Wednesday and Tuesday session's POC, finding support overnight from 27th Feb's POC. EUR/JPY has completed a 61.8% Fibonacci retracement of Wednesday's range and is 2 pips shy of a 78.6% retracement of the same range. There was an hourly divergence… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.