For Traders

Analytical Reviews

Technical analysis

12.06.201801:40 Forex Analysis & Reviews: Daily analysis of EUR/JPY for June 12, 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

What happened yesterday shows that bulls are still willing to push the price upwards. The EMA 11 has crossed above the EMA 56, and the RSI period 14 has crossed the level 50 to the upside. Should the price continue to move further upwards, it would lead to an emphasis on the recent Bullish Confirmation Pattern in the market.

There will be some form of strong volatility on the EUR/JPY pair this week. A test of the demand zone at 127.50 will threaten the new bullish bias in the market; while a movement towards the supply zones at 130.00, 130.50, and 131.00 will strengthen it.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.