The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking . The primary trend of EURJPY is on charts and price is trading below its support in its 1 hourly chart. In its the price is sustaining below 200 day that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 115.50 Support at the level of 113.28. If it breaks its on the downside and sustains below it then we can expect it to show further movement in the pair.
is sustaining in its negative territory indicating the in the pair.
is sustaining in its selling zone indicating the upcoming negative trend in the pair.
EURJPY is looking on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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