Thursday, October 18, 2012

EUR/JPY 1H Chart Channel Up - October 18, 2012

EUR/JPY 1H Chart Channel Up - October 18, 2012


EUR/JPY has formed a Channel Up pattern on 1H chart. The pattern has 54% quality and 100% magnitude in the 90-bar period.
The pattern started when the pair bounced from pattern's support at 100.16; currently it is trading at 103.794. Technical indicators on aggregate point at appreciation of the pair on 1H horizon. Read more