Recently, the EUR/JPY pair has been trading downwards. The price tested the level of 123.15. According to the 30M time frame, I found bullish correction but there is a broken bearish flag, which is a sign that EUR/JPY may re-continue a downward movement. My advice is to watch for potential selling opportunities. The downward target is set at the price of 123.15.
Resistance levels:
R1: 124.00
R2: 124.25
R3: 124.60
Support levels:
S1: 123.35
S2: 123.10
S3: 122.80
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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