Looking at the daily chart, since the 23th of April, when the 74 EMA that held as a long term support was broken, the EUR/USD pair dipped almost 6% from 1.225 to 1.153 during a period of 40 days. The market continued trading sideways for the next 72 days swinging around the 12 EMA (1.18-1.15) until the 9th of august, where the 2017’s long term diagonal support...
Looking at the last two week’s bull run the USDJPY pair seems to have found a resistance at the 114.000 zone where traders would presumably take profits given the 2.4% incline since the beginning of September. As US bond yields faced a slight correction from their near yearly highs from 3.113% to 3.052% during the last days of September and given the fact that...