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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



EUR/JPY analysis for January 31, 2018


Recently, the EUR/JPY pair has been trading sideways at the price of 135.60. Anyway, according to the 30M time – frame, I found a bullish breakout of the 2-day balance, which is a sign that buyers are in control. I also found a rising upward trendline and hidden bullish divergence on the moving average oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The projected upwarrd target is set at the price of 136.50.

Resistance levels:

R1: 135.36

R2: 135.82

R3: 136.44

Support levels:

S1: 134.28

S2: 133.67

S3: 133.20

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -