For Traders

Analytical Reviews

Technical analysis

25.05.201618:07 Forex Analysis & Reviews: Daily analysis of EUR/JPY for May 25, 2016

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.

Overview

The EUR/JPY pair has repeated its fluctuations around 122.35 recently, forming a new support base and limiting the price within the bullish level. Besides, holding the key support at 121.10 confirms price bullish attempts in the upcoming period. The price is likely to reach the first target at 124.60, followed by 126.50 levels that form the second target. We notice stochastic getting rid of the negative level and approaching from 80 level, thus supporting attempt to gather the bullish momentum and reach our awaited targets. The expected trading range for today is between 122.30 and 124.60.

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.