$EURJPY – flag break?
Currently we are 122.36 after breaking out of the Gear flag. We are looking to continue to the 1.618 Fibo @ 121.56 and then continue to the 120.36-69 area. The average daily true range (ATR) for the pair currently is 134 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: Uptrend remains capped by 0.6650

AUD/USD: Uptrend remains capped by 0.6650

AUD/USD could not sustain the multi-session march north and faltered once again ahead of the 0.6650 region on the back of the strong rebound in the Greenback and the prevailing risk-off mood.

AUD/USD News

EUR/USD meets a tough barrier around 1.0800

EUR/USD meets a tough barrier around 1.0800

The resurgence of the bid bias in the Greenback weighed on the risk-linked assets and motivated EUR/USD to retreat to the 1.0750 region after another failed attempt to retest the 1.0800 zone.

EUR/USD News

Gold eases toward $2,310 amid a better market mood

Gold eases toward $2,310 amid a better market mood

After falling to $2,310 in the early European session, Gold recovered to the $2,310 area in the second half of the day. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.5% and helps XAU/USD find support.

Gold News

Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC

Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC

Bitcoin (BTC) price remains devoid of directional bias, trading sideways as part of a horizontal chop. However, this may be short-lived as BTC price action consolidates in a bullish reversal pattern on the one-day time frame.

Read more

What does stagflation mean for commodity prices?

What does stagflation mean for commodity prices?

What a difference a quarter makes. The Federal Reserve rang in 2024 with a bout of optimism that inflation was coming down to their 2% target. But that optimism has now evaporated as the reality of stickier-than-expected inflation becomes more evident. 

Read more

Majors

Cryptocurrencies

Signatures