Head’s up – EUR/JPY seems to violate descending triangle! - Forex News by FX Leaders

Head’s up – EUR/JPY seems to violate descending triangle!

Posted Tuesday, September 4, 2018 by
Arslan Butt • 1 min read

What’s up, traders.

I have been monitoring the EUR/JPY since this morning since morning and finally got to see some movement. The EUR/JPY has formed a descending triangle pattern which is providing it a strong support near 128.600.

The pair is trying to violate 128.600 and if this happens, we may have an opportunity to target quick 30/40 pips until 128.100. Stay tuned to FX Leaders’ signal page for more updates!

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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