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EUR/JPY Forecast Medium Term – ECB Press Conference on Tap
The EUR/JPY pair appears to have formed a triple top chart pattern ahead of Thursday's ECB press conference, as the Japanese Yen chalks up gains across the board. Daily Time Frame. The EUR/JPY pair is currently testing the neck line of an apparent Triple Top chart pattern which falls on the 23% Fibonacci level at 123.40. This level is especially important since it also falls on a previous resistance formed and tested multiple times during December 2016.The Tenkan line is just about to cross below the Kijun line. The future cloud however is upward moving and thick. Supported by the upper band of the cloud, the pair ... (full story)