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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