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Hoping to catch big moves before the week comes to a close?

Better check out these fresh breakouts on EUR/JPY and crude oil!

EUR/JPY: 4-hour

EUR/JPY 4-hour Forex Chart

EUR/JPY 4-hour Forex Chart

This pair fell right through the bottom of its ascending trend channel to signal that a reversal from the uptrend is in the works.

If you missed the actual breakdown, don’t fret! You might still have a chance to short on this retest of the former channel support.

Now this could be a prime entry spot for euro bears, as the area of interest lines up with the 50% Fib and the 137.50 minor psychological resistance.

Technical indicators are still looking mixed, though. While the 100 SMA is above the 200 SMA to hint that the uptrend might resume, Stochastic is closing in on the overbought zone to reflect buyer exhaustion.

Turning lower would confirm that sellers are back in action, possibly taking EUR/JPY back down to the swing low at 134.80 or lower.

WTI Crude Oil: 4-hour

WTI Crude Oil 4-hour Chart

WTI Crude Oil 4-hour Chart

After consolidating inside a descending triangle for a couple of months, crude oil finally made a break for it!

The commodity price busted through the resistance, indicating that it could climb the same height as the triangle pattern.

Now the chart formation spans $95 per barrel to around $125 per barrel, so oil bulls must be getting pretty excited about another big rally.

Just be careful since technical indicators are still reflecting the presence of selling pressure for now. Stochastic is in overbought territory and might be due to head south soon, so price could follow suit.

Also, the 100 SMA is below the 200 SMA to suggest that resistance levels are more likely to hold than to break. Then again, crude oil has climbed past the 200 SMA dynamic inflection point and the $100 per barrel mark to hint that the tide is turning.