Mon, 27 May 2013 14:09:35 GMT
Weekly Trade Pattern Idea
EUR/JPY has formed a Rising Wedge pattern on the 1D chart. The pattern has 56% quality and 83% magnitude on in the 178-bar period.The pattern started on the 17th of September, 2012, when the pair peaked above the 200-day SMA to 103.86; currently it is trading at 130.56. Trading volume seems to be volatile in the length of the pattern.;