Trading Conditions
Products
Tools
EUR/JPY continues to work its way higher. We expect minor support 124.28 max. 123.39 will be able to protect the downside for a continuation through minor resistance at 124.89 towards 125.55 and ideally closer to 127.01 where strong resistance is seen.
Only a break below support at 123.39 be be cause of concern and could indicate a deep retracement towards the 121.13 - 121.88 area.
R3: 127.09
R2: 126.16
R1: 125.19
Pivot: 124.89
S1: 124.28
S2: 124.00
S3: 123.39
Trading recommendation:
We are long EUR from 122.50 and we will raise our stop to 123.25
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.