Sat, Oct 23, 2021 @ 10:37 GMT
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EUR/JPY Upside Momentum Favored

Price failed to stay below the outside sliding line (SL) and now tries to climb higher because the Yen is demolished by the Nikkei’s impressive rally. The Nikkei stock index rallied and jumped much above the 20498 previous high. The index opened with a gap up in the yesterday’s morning, signaling that the bulls are in full control. However, only a valid breakout above the median line (ml) of the black ascending pitchfork will confirm a further increase in the upcoming weeks.

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Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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