{"id":293486,"date":"2020-12-15T22:19:50","date_gmt":"2020-12-15T11:19:50","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/cotd-eurjpy-unearthing-a-potential-2015-target\/"},"modified":"2021-02-19T12:13:01","modified_gmt":"2021-02-19T01:13:01","slug":"cotd-eurjpy-unearthing-a-potential-2015-target","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/","title":{"rendered":"EURJPY – Unearthing A Potential 2015 Target"},"content":{"rendered":"
EURJPY – Point & Figure<\/strong><\/h5>\n
\"\"<\/a><\/h5>\n

\"\"<\/a><\/p>\n

\"\"<\/h5>\n
EURJPY –<\/strong><\/h5>\n

At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but there are signs of bullish activity stemming from this initial move. In today’s Chart of The Day, we’re looking at a potential return to May 2015 levels using point and figure analysis.<\/p>\n

We currently see a double top formation at the 126.00 level as EURJPY remains propped up by a bullish support line. This particular support line isn’t new. It originated earlier in the year but has now shifted higher in-line with the emerging trend.<\/p>\n

While longer-term support appears steady at 122.00, with increased demand, we may see the pair targeting the somewhat elusive 128.00 area that EURJPY has struggled to close above of late. The next significant resistance level looks to be 132.60 should this trend continue.<\/p>\n

Finally, these are not the only upside targets worth considering. If we carry out a vertical column count from the low of 115.00, an interesting figure emerges. Following a quick calculation of the proceeding column’s range, it results in an upside target of 140.50. This level was an exact high for EURJPY on the point and figure chart back in May 2015. Despite being quite a distance from this price, it’s not unimaginable to think it could journey in this direction given the trend’s current trajectory and volatility in the marketplace. Only time will tell.<\/p>\n

Note: Click on charts to enlarge.<\/p>\n

 <\/p>\n

By Adam Taylor CTEe<\/strong><\/p>\n

.@<\/a>adamt_trading<\/a><\/p>\n

Sources: Go Markets, Meta Trader 5, TradingView, Bloomberg<\/p>\n

Disclaimer: The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets.\u00a0 Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice.\u00a0 If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/p>\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EURJPY – Point & Figure EURJPY – At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but there are signs of bullish activity stemming from this initial move. In today’s […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2871,2817,129],"tags":[],"yoast_head":"\nEURJPY - Unearthing A Potential 2015 Target - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURJPY - Unearthing A Potential 2015 Target - GO Markets\" \/>\n<meta property=\"og:description\" content=\"EURJPY – Point & Figure EURJPY – At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but there are signs of bullish activity stemming from this initial move. In today’s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T11:19:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-19T01:13:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/EURJPY22.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam Taylor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/\",\"name\":\"GO Markets\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/EURJPY22.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/EURJPY22.png\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#webpage\",\"url\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/\",\"name\":\"EURJPY - Unearthing A Potential 2015 Target - GO Markets\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#primaryimage\"},\"datePublished\":\"2020-12-15T11:19:50+00:00\",\"dateModified\":\"2021-02-19T01:13:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/446d9a494ba013c192a3669cbda1bd76\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.gomarkets.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EURJPY – Unearthing A Potential 2015 Target\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/446d9a494ba013c192a3669cbda1bd76\",\"name\":\"Adam Taylor\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3f8a2662eef9486f94f09330025ec14f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3f8a2662eef9486f94f09330025ec14f?s=96&d=mm&r=g\",\"caption\":\"Adam Taylor\"},\"url\":\"https:\/\/www.gomarkets.com\/en\/author\/adamt\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EURJPY - Unearthing A Potential 2015 Target - GO Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/","og_locale":"en_US","og_type":"article","og_title":"EURJPY - Unearthing A Potential 2015 Target - GO Markets","og_description":"EURJPY – Point & Figure EURJPY – At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but there are signs of bullish activity stemming from this initial move. In today’s […]","og_url":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/","og_site_name":"GO Markets","article_published_time":"2020-12-15T11:19:50+00:00","article_modified_time":"2021-02-19T01:13:01+00:00","og_image":[{"url":"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/EURJPY22.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adam Taylor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.gomarkets.com\/#website","url":"https:\/\/www.gomarkets.com\/","name":"GO Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.gomarkets.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/EURJPY22.png","contentUrl":"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/EURJPY22.png"},{"@type":"WebPage","@id":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#webpage","url":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/","name":"EURJPY - Unearthing A Potential 2015 Target - GO Markets","isPartOf":{"@id":"https:\/\/www.gomarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#primaryimage"},"datePublished":"2020-12-15T11:19:50+00:00","dateModified":"2021-02-19T01:13:01+00:00","author":{"@id":"https:\/\/www.gomarkets.com\/#\/schema\/person\/446d9a494ba013c192a3669cbda1bd76"},"breadcrumb":{"@id":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.gomarkets.com\/en\/daily-news\/cotd-eurjpy-unearthing-a-potential-2015-target\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.gomarkets.com\/en\/"},{"@type":"ListItem","position":2,"name":"EURJPY – Unearthing A Potential 2015 Target"}]},{"@type":"Person","@id":"https:\/\/www.gomarkets.com\/#\/schema\/person\/446d9a494ba013c192a3669cbda1bd76","name":"Adam Taylor","image":{"@type":"ImageObject","@id":"https:\/\/www.gomarkets.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/3f8a2662eef9486f94f09330025ec14f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3f8a2662eef9486f94f09330025ec14f?s=96&d=mm&r=g","caption":"Adam Taylor"},"url":"https:\/\/www.gomarkets.com\/en\/author\/adamt\/"}]}},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/293486"}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=293486"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/293486\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=293486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=293486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=293486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}