Everyday analysis of EUR/JPY for May 17, 2018 888011000 110888 EUR/JPYThere are blended signals in the market. The EMA 11 is somewhat listed below the EMA 56, and the RSI period 14 is somewhat above the level 50. It may be prudent to keep away from this market until there would be a directional movement in it. There are no many essential factors expected today in the market, and so, major effects are not expected. The situation on EUR/JPY is a type of challenging right now. Cost dropped on Monday and Tuesday and Wednesday to evaluate the demand zone at 129.50. After that, a rally effort was made, which made rate increased by 110 pips, consequently annoying the bears. Investors may want to wait till there is a directional motion in the market.The product has been provided by InstaForex Business- www.instaforex.com

By | May 17, 2018

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