EURJPY signs of retracement H4

20 May 2019

Nice touch of 4.382 and channel bottom, 4 days ahead of predicted in previous plan. Could be seeing a relief rally here, but will be wanting to see a break above the 123.038-123.143 area for longs to play. JXY sitting above monthly Fibonacci R3, will it close the gap and fall further or hold here? EXY also showing bullish signs, similar inverse H&S pattern and holding 10.382-10.618 area/Fibonacci S1 on the H4 chart, the impulse originating from lower high on 09/Jan/19.

20 May 2019

Not

Inverse H&S visible


JXY at a confluence of resistances, it could help this pairs' case.

22 May 2019

Not

Bearish momentum slowing down right at this area of support. Lets see if it holds and gives a bullish signal.

23 May 2019

Not

Area was broken, watching now for action on S3

25 May 2019

Not

Looks like it could have broken monthly S3 and found resistance on the pullback