EUR/JPY Classical 12.16
EUR/JPY: After spending a short amount of time back below the daily Ichimoku cloud, the market has since recovered and major basing prospects remain intact. Look for a higher low to now be firmly in place by 108.35, with a break back above the top of the cloud in the 113.50 area to confirm upside bias and accelerate gains. For now we remain on the sidelines. Written by Joel Kruger, Technical …
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USD/JPY Classical 12.16
USD/JPY: Although the market continues to recover with prospects for a material base looking more and more encouraging following the recent break back above the daily Ichimoku cloud, inability to establish any meaningful upside momentum beyond 84.00 suggests that the recovery could be on hold for a bit, with the market now in the process of consolidating. Ultimately however, while the pair holds …
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