Everyday analysis of EUR/JPY for March 6, 2018 888011000 110888 EUR/JPYThere is recently an upwards bounce in the market–. in the context of a downtrend. The upwards bounce is yet to nullify the. sag, however it would do so as soon as cost goes above the supply zone at 132.50,. which would require a strong buying pressure. The demand zone at 129.50 was. checked today, and it has therefore end up being a powerful barrier to any bearish. tendency. There is still a Bearish Confirmation Pattern in the. market, but the current rally has actually ended up being a hazard to the extant bearish outlook. Nevertheless, a strong rally is in the offing, as the outlook on EUR pairs is. bullish for today. The material has actually been provided by InstaForex Company- www.instaforex.com

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