EUR/JPY
In a bearish outlook, EUR/JPY trended downwards on Monday and Tuesday, and then started to make a rally effort. It managed to close above the demand zone at 130.50 on Friday, in the context of a downtrend. It is much more likely that the rally would end up offering a clean opportunity to go short in the market at strategic supply zones.
There is a Bearish Confirmation Pattern in the market. Unless the Euro gets strengthened considerably, there might be a reversal in favor of bears, which would enable the market to target the demand zones at 130.50, 130.00 and 129.50.
The material has been provided by InstaForex Company - www.instaforex.com
Nice article thanks for sharing such a valuable information with us.you may also check our blog for more information
ReplyDeleteState Bank of India MF
SBI Fixed Maturity Plan
Hey...Great information thanks for sharing such a valuable information
ReplyDeleteCanara Robeco Overnight Fund
Canara Robeco's NFO
Canara Robeco Mutual Fund