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Business / Finance

An analyst from the company ForexMart (Forexport)

MQL5: Blogs Traders 20.08.2019 at 13:58

Blogs traders and analyst of financial markets

EUR/JPY. 20.08. Consolidation at the level of 118.00

the pair Euro/Japanese yen following has formed on the daily chart a series of patterns "doji" building on the previously broken resistance level of 118.00.

the Price of the trading instrument EUR/JPY konsolidiruyutsya in the area of the lows from April 2017. The third attempt of the bulls to return to the borders side of the corridor 119.30-118.00 failed, so with high probability we can expect a retaliatory move on the part of sellers.

apparently, the pair is gaining strength to continue the downtrend. The immediate goal is to reduce on the level of 117.00, medium landmark in the district our 115.50-115.00.

EUR/GBP. 20.08. The rebound from the level of 0.9100