Euro/Japanese yen
It is clear that the euro is in overbought territory after its sharp rise last week. This currency has formed a bearish candle on the daily chart of the currency pair EUR/USD, and fallen below its lowest level during the day yesterday, it will be the reference to a possible bearish reversal. On the other hand, the increased strength of the Japanese yen against the US dollar yesterday, the USD/JPY fell below important support when 87.25. So the euro/JPY bearish reversal configuration as well. The euro gained to resist when the exponential moving average 20 Friday, as a result of this, a red candle on the daily chart. And the euro has helped bullish correction corrects nearly 50% of its recent downward, meaning that the pair has reached the appropriate levels of bearish reversal. And resume force again against the euro, the Japanese yen, the lowest penetration was recorded yesterday, closing below it. And he succeeded in this, may rise to the level of 58.4 against the euro.
Australian dollar/Japanese yen
The Australian dollar is currently in the middle of a strong bullish US dollar. And after he got strong support at 1 025, the currency rose nearly 250 points against the US dollar. Now faces Australian dollar resistance level of 1.05, and succeeded in a breakthrough to the top only rises towards the level of 1.07.
Australian dollar gets strong support against most currencies, including the Japanese yen. Despite the fact that the yen is strongly against the US dollar, the Australian dollar has been able to configure form to hack bullish on the daily chart. And resists the pair level 82.35 high and may lead to strong bullish hack activation orders trading mechanism that can raise the pair towards 80.57 level.
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