Thursday, October 15, 2026

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EUR/JPY looks to fade recovery moves

Long tail on Friday's candlestick line is a drawback for bears Failure to perform a daily close sub 134.20 hurts bears 134.20 = 38.2% of the 130.16 to 136.70 up-leg Market require a daily close sub 134.20 to fade structu…

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

  • Failure to perform a daily close sub 134.20 hurts bears

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

  • Market require a daily close sub 134.20 to fade structure further

  • Traders looks to get short again at 135.70

 

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By FxWirePro Team