EUR/JPY extends retrace from near channel base, breaks above 5-DMA resistance at 127.68, currently at 128.07.
- Technical indicators have already corrected extreme oversold reading, RSI and Stochs point north.
- This week EU summit turns euro crosses into high beta - hyperactive OTC arrangements indicate euro 's gains within eurozone.
- Immediate resistance is located at 128.25 (38.2% Fib of 132.28 to 125.77 fall), while 5-DMA at 127.68 is now immediate support on the downside.
- We had advised a long on the pair (http://www.econotimes.com/FxWirePro-EUR-JPY-correcting-from-lows-good-to-buy-dips-160766)
Recommendation: Hold for targets.


FxWirePro- Woodies Pivot(Major)
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro:NZD/USD continues to recovers , upside pressure builds
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro- Major Pair levels and bias summary
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD takes back some lost ground
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro: EUR/NZD remains under pressure as key support gives way 



