Daily analysis of EUR/JPY for April 19, 2018 888011000 110888 EUR/JPYThe EUR/JPY is type of combining in the context of an uptrend. The supply zone at 133.00 has actually been checked and it would be evaluated once again. The targets at the supply zones at 133.00, 133.50, and 134.00, remain valid, and they may be breached. They may even be exceeded as the cost journeys even more up-wards this week. There is a Bullish Verification Pattern in the market, which would become increasingly more severe as the rate goes northwards. The EMA 11 is above the EMA 56, and the RSI duration 14 is above the level 50. The cost action likewise reveals that bulls are intent on pushing the cost more upwards. The material has been supplied by InstaForex Company-www.instaforex.com

By | April 19, 2018

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