Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of EUR/JPY for May 22, 2018

parent
Forex Analysis:::2018-05-22T12:17:57

Daily analysis of EUR/JPY for May 22, 2018

EUR/JPY

The situation on the EUR/JPY pair remains clearly unchanged as price did not do anything serious on May 21. The bias on this cross is bearish, but it is a precarious bias. What the market did last week was a zigzag movement without a clear directional propensity.

Daily analysis of EUR/JPY for May 22, 2018

Last week, price moved upwards, downwards, and upwards again, within the supply zone at 131.50 and the demand zone at 129.50. A 200 –pip movement to the upside or to the downside would easily change the bias to bullish or bearish, and that is exactly what is expected this week.A breakout can happen this week.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...