Day-to-day analysis of EUR/JPY for May 11, 2018 888011000 110888 Summary The EUR/JPY pair failed to touch the first positive target at 131.00 the other day. The price made a brand-new unfavorable move as appears on the chart. The cost stability above the key support of 129.30 reinforces our bullish overview for the short-term. We are waiting till the cost breaches 131.00 level to open the way for more upward targets that begin at 132.20. We notice a stochastic’s rally above 50 level to decrease the unfavorable pressures on the price and provide the cost with a brand-new chance to collect the positive momentum till the required breach is satisfied. The expected trading variety for today is in between 129.80 and 131.00 The material has been offered by InstaForex

Leave a Reply

Your email address will not be published. Required fields are marked *