The Japanese Yen continues with weakness and USD/JPY, EUR/JPY and GBP/JPY have all hit fresh two-month highs in early trade this week. But while USD/JPY has already pushed into overbought territory on the daily, both EUR/JPY and GBP/JPY aren’t yet there and each had an ascending triangle breakout that retains continuation potential.
I had looked into these formations in weekly forecasts over the past two weeks and I dug a bit deeper today. I’ll also be looking at these in the weekly webinar tomorrow which you’re free to join.
To join tomorrow’s webinar:
The GBP Forecast from the week before last:
The Euro Forecast from this week:
James on X @JStanleyFX:
James Stanley’s video playlist:
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Yes James and i’m not in it 🙁 Ohhhh should ‘ ve bought EURJPY when i should’ve and now i have to pay the consequence of not taking profits