Technical analysis of EUR/JPY for Feb 13 2018
As We can see the bias from EUR/JPY at the Daily Charts its still in Bullish condition, this already spotted by the price already making higher highs - higher low (blue lines) until they get stuck and moving in a ranging condition. As long as this pair not breakout and close bellow the 131.34 levels then the EUR/JPY will continuing to going up at least to the near Resistance (black lines) as their primary target.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
This entry was posted in FEB 2018
, Technical Analysis
. Bookmark the permalink