EURJPY analysis by forexbee
EURJPY Analysis: Looking to buy from the below demand zone
Trend: Overall Trend is Bullish. Price has been oversold as well with consecutive lower lows on lower timeframe.
Trade Idea: EURJPY has been retracing towards the demand zone. The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand zone has added more power to the key support level. there are high chances of reversal in price.
Trend: Overall Trend is Bullish. Price has been oversold as well with consecutive lower lows on lower timeframe.
Trade Idea: EURJPY has been retracing towards the demand zone. The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand zone has added more power to the key support level. there are high chances of reversal in price.
ForexBee
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