Monthly Archives: January 2018

EUR/JPY Runs into Fibonacci Support at Prior Triple Top

Last year was very bullish for the Euro, and much of this strength came as the European Central Bank remained loose and passive, even extending their QE program for another nine months into 2018. But, Euro-bulls seemed rather undeterred by the prospect of weakness in the single currency, as that QE…

AUDJPY: Keep an Eye on 87.20

Since carving a floor at 72.45 in June 2016, the AUDJPY is up more than 1,500 pips. From trough to peak, it’s a gain of nearly 1,800 pips. I use the term “peak” loosely as there’s no sign that the September 2017 high at 90.30 will hold as an intermediate (one year or longer) high. However, if …

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