Daily analysis of EUR/JPY for June 8, 2018 888011000 110888 EUR/JPYThe cross went up-wards by 200 pips this week, reached the supply zone at 130.00, prior to the current bearish correction (almost 180 pips from the high of the week). Another 100 pips to the downside can result in a “sell” signal, while a rally from here would enable bulls to resume pressing rate upwards. The EMA 11 is still above the EMA 56, however the RSI duration 14 has crossed the level 50 to the disadvantage . Further downwards movement will result in a bearish predisposition, and a motion to the upside(from here )will conserve the current bullish predisposition on the marketplace. The product has actually been provided by InstaForex Business -www.instaforex.com

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