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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.

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Daily analysis of EUR/JPY for April 26, 2017

EURJPYH4.png

Overview

The EUR/JPY pair surpassed our waited target at 120.70 and resumed its upward trend, settling around 121.80. There are no obstacles for the price to record more targets in the near-term and medium-term period, waiting to reach the level of 124.15 to test the previously recorded top that appears on chart. Stochastic within the overbought areas has been stable until this moment which confirms our positive scenario and eases the attempt to reach our target. The expected trading range for today is between 120.80 and 124.15

The material has been provided by InstaForex Company - www.instaforex.com