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Daily analysis of EUR/JPY for April 3, 2018

Posted On 04 Apr 2018
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EUR/JPY

Much has not changed so far this week, as far as the EUR/JPY is concerned. The market is bearish in the long-term, and rather neutral in the short-term. The indicators in the charts are neutral. The demand zone at 130.00, which has been tested already, could be tested and get breached to the downside.

There is still a Bearish Confirmation Pattern in the market, and that would become more important as price goes further downwards, reaching the demand zones at 129.50 and 129.00 today. A movement to the upside would render any bearish expectation in the market ineffectual.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Daily analysis of EUR/JPY for April 3, 2018

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