EUR/JPY has pulled back into what traders call 'the buyzone' on daily charts, which is the space between the 10 and 20 moving averages (MAs), which many traders see as the optimum time to buy in the middle of an up-trending market.
July 20,2018
Euro-to-Dollar Rate Rejected By 'Cloud' as Outlook Turns Bearish
The Euro-to-US Dollar rate has been rejected by the bottom of the Ichimoku cloud and is threatening to break below a key level at 1.1616, says Martin Miller, a correspondent for Reuters.
July 19,2018
USD/CHF in Strong Push Higher says Elliot Wave Expert