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EUR/USD 38.2% Fib, USD/JPY Triangle

May 22, 2017 11:00

The EUR/USD is showing divergence which could cause a bearish reversal or retracement. Chris is waiting for a candlestick reaction at 1.11 or 1.1175 to see if 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.