EURJPY had ended in a long bearish “Marubozu” candlestick formation on 17th February 2021 after facing resistance in the 128.00-50 range suggesting overhead resistance, further it has ended in doji candlestick formations in the last two trading sessions suggesting rejection from higher levels. It would be prudent to say that EURJPY could decline towards 127.25 and 126.75 while it sustains below 128.50.
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Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.