EUR/USD 38.2% Fib, USD/JPY Triangle

The EUR/USD is showing divergence which could cause a bearish reversal or retracement. We are waiting for a candlestick reaction at 1.11 or 1.1175 to see if the price can reach the resistance 1.1250 first before a turn around occurs.

The USD/JPY is also showing an interesting setup as support and resistance trend lines either offer a bearish breakout towards 110 or a bullish breakout above 111.75.

Video Length: 00:08:49

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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