For Traders

Analytical Reviews

Technical analysis

28.11.202223:00 Forex Analysis & Reviews: EUR/JPY: level of 143.27 seen as key downside obstacle

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 strong sellers

The EUR/JPY pair dropped again after failing to reach the 145.00 psychological level or to approach the downtrend line. At the time of writing, it was trading at 143.55 and was about to reach the 143.27 former low, which represents a downside obstacle.

After dropping below the uptrend line, the EUR/JPY pair signaled that the upside movement ended and that sellers could take full control.

EUR/JPY trading conclusion

A drop below 143.27 activates more declines. This is seen as a new selling chance.

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.