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11.04.201805:38 Forex Analysis & Reviews: Daily analysis of EUR/JPY for April 11, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/JPY

The EUR/JPY cross is bullish in the short-term. The price has risen by 130 pips this week, and it has tested the supply zone at 132.50. The supply zone would be breached to the upside as price goes towards another supply zone at 133.00. There may be transient corrections along the way, but bulls would prevail.

Exchange Rates 11.04.2018 analysis

The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. There is a Bullish Confirmation Pattern in the market. Long trades are recommended because pullbacks may be temporary.

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