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EURJPY continues to trade inside the bullish channel since October 2020. Price recently reached very close to the lower channel boundaries and provided bullish RSI divergence signals.
Red lines - bullish channelBlue lines- bullish divergence
EURJPY has support at 129-129.60. Bulls must defend this price level. This is the risk of trading the bullish side right now. Upside potential is big as price could be starting a new upward move and could reach 134-135 over the coming weeks. This scenario is valid as long as price holds above the key support we mentioned above. The bullish divergence signals by the RSI suggest that this scenario has increased chances of success.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।