Hey traders,
Welcome to the month of September,
Let’s head to the charts and see if we can close the week in grand style:
1. EUR/JPY
Core CPI news may have instigated the strong bearish move in the EUR/JPY, which presently gives us an ascending narrowing channel.
That said, don’t forget that we still have the last line of defence (key support zone and 200 moving average) to get broken by the bears before we can conclude on the bears taking over.
Also we have a beautiful hidden bullish divergence, which y’all know is my bread and butter. All I will be watching out for before buying is:
How price reacts to current support zone and 200 moving average at the close of the 6pm candlestick
What say you?
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