Technical
EURJPY – Further upside is likely following the break of a bearish channel
Weekly: The medium-term bias remains bullish. Dips continue to attract buyers. A sequence of weekly higher highs and lows has been posted. The next barrier is the trend of weekly highs at 131.98
Daily: Broken out of the channel formation to the upside. We have a 38.2% Fibonacci pullback level of 129....
Steve has traded and analysed financial markets for over 30 years.
He started on the Baltic Exchange with Cargill Investor Services in 1987 trading Commodities. Following this Steve went on to work in a number of senior trading roles on LIFFE.
From 1995, Steve then traded his own account, specializing in European Fixed Income markets. For many years he ran his own proprietary trading company, facilitating and educating traders.
In 2012 he joined PIA-First and assisted in restructuring the company and help build it into one of the UK’s leading, award-winning independent research houses.
