Thursday, October 15, 2026

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EUR/JPY looks to fade recovery

Long tail on Friday's candlestick line is a drawback for bears Spot unsuccessful in performing a daily close sub 134.20 134.20 - 38.2% of the 130.16 to 136.70 up-leg Market needs a daily close sub 134.20 to fade the stru…

By Meredith J C Warren
1 min read
EUR/JPY looks to fade recovery
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  • Long tail on Friday's candlestick line is a drawback for bears

  • Spot unsuccessful in performing a daily close sub 134.20

  • 134.20 - 38.2% of the 130.16 to 136.70 up-leg

  • Market needs a daily close sub 134.20 to fade the structure further

  • Traders look to get short at 135.70

 

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By FxWirePro Team