ForexBee

EURJPY analysis by forexbee

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY Analysis: Looking to buy from the below demand zone

Trend: Overall Trend is Bullish . Price has been oversold as well with consecutive lower lows on lower timeframe.

Trade Idea: EURJPY has been retracing towards the demand zone . The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand zone has added more power to the key support level . there are high chances of reversal in price.

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