$EURJPY- Wedge Breakout/wave 5?
Currently we are at 132.61. We are looking to continue to the double bottom @ 131.61 with an overall target to the 0.270 Fibo support area @ 130.89. The average daily true range (ATR) for the pair currently is 101 pips.
eurjpy

ProAct Traders™ (hereafter, PAT) assumes no responsibility for errors, inaccuracies, or omissions, nor does it warrant the accuracy or completeness of the information in the materials that comprised the text, graphics or other items contained in the ProAct Charts as a result of computer or power failures or interruptions in the electronic delivery systems via the Internet. PAT shall not be liable for any special, indirect, incidental or consequential damages including without limitation losses, lost revenue, or lost profits that may result from these materials.

Foreign Currency Trading carries a level of risk / reward that may not be suitable for all considering participation in the market known as Forex. The Forex is a "zero sum" market and its end effect is that there are an equal number of winners and losers. Consequently, the possibility exists that you could sustain an eventual loss of some or all of you initial investment. Therefore, you should never invest money that you cannot afford to lose. Before deciding to trade the Forex, you should become thoroughly educated in how the market works, have a sound money management plan and then carefully consider your investment objectives, level of experience, and risk appetite. If you have any doubts, seek advice from an independent financial advisor.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP

AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP

The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report. As the Asian session begins, the AUD/USD trades around 0.6495.

AUD/USD News

USD/JPY finds its highest bids since 1990, approaches 156.00

USD/JPY finds its highest bids since 1990, approaches 156.00

USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad FX market. 

USD/JPY News

Gold stays firm amid higher US yields as traders await US GDP data

Gold stays firm amid higher US yields as traders await US GDP data

Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.

Gold News

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.

Read more

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.

Read more

Majors

Cryptocurrencies

Signatures