EUR/JPY has created a bull flag on the hourly chart. That pattern represents a pause, which often ends up accelerating the preceding bullish move. An hourly close above 126.19 would confirm a flag breakout and open the doors to 127.00 (target as per the measured move method). The flag breakout could be confirmed as the daily chart is biased toward the bulls: the pair created a bullish outside -day yesterday, validating the ascending 5- and 10-day moving averages. A close below the 10-day MA, currently at 125.61, would abort the bullish view. Hourly chart Trend: Bullish above 126.19 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 BOK’s Lee: Not right time to consider rate cut FX Street 4 years EUR/JPY has created a bull flag on the hourly chart. That pattern represents a pause, which often ends up accelerating the preceding bullish move. An hourly close above 126.19 would confirm a flag breakout and open the doors to 127.00 (target as per the measured move method). The flag breakout could be confirmed as the daily chart is biased toward the bulls: the pair created a bullish outside -day yesterday, validating the ascending 5- and 10-day moving averages. A close below the 10-day MA, currently at 125.61, would abort the bullish view. Hourly chart Trend: Bullish… 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.
