The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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EURJPY has been in a bullish trend since 121.10 and the start of November 2020. Price continues making higher highs and higher lows. Despite some warning signals by the RSI, the reversal was never confirmed and price continued to climb.
Blue lines - bullish channelEURJPY could move higher towards 134.60 over the next couple of sessions. Trend remains bullish. Short-term support is found at 132.85 and a break below this level will most certainly push price towards the lower channel boundary. This support is found at 131.65. The RSI canceled the latest bearish divergence by making a new higher high confirming bull's strength.
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