empty
 
 
27.05.2016 05:14 PM
Daily analysis of EUR/JPY for MaY 27, 2016

This image is no longer relevant

Overview

The EUR/JPY price again failed to surpass the initial resistance at 123.15. It was forced to form bearish waves to settle at 122.60 as you can see at the image above. In spite of the previous negative pressure, stability of the support at 122.20 is backing the bullish movement in the upcoming period. There is a possibility of the price rally towards the first target at 123.70. The continuation of the negative pressure and an attempt to settle below the mentioned support will cancel the bullish overview to start forming a negative attack to target the 121.00 level.

The expected trading range for today is between 122.20 and 123.70.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback