EURJPY has declined in the past few trading sessions however the trend remains bullish for the currency in the medium term, currently it stands at the 20-day SMA suggesting it could rebound in the near term. RSI continues to trade in the positive territory supporting the above observation and indicating further upside potential. It would be prudent to say that the pair could rise further towards 127.00 and 127.35 if it sustains above 127.30.
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.
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.