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30.07.202117:35 विदेशी मुद्रा विश्लेषण और समीक्षा: Short-term analysis on EURJPY.

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.

Exchange Rates 30.07.2021 analysis

Red lines - bullish channel

Blue 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.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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