Daily Forex Trading Analysis by Instaforex MT5 Group & Jobrule Specialist Team. Check above given analytic chart, the wave to purple is getting more complex and time consuming as it evolving in some kind of a triangle pattern. it’s clearly indicating that EURJPY pair will trade in range bound and will move towards positive territory in weekend trade.
EURJPY Intraday Resistance is 135.58 and Intradday Support 133.55. Our recommendation is , Bu and hold the pair for Thursday & Friday weekend trade for target of resistance zone . If it break the resistance level it will go towards 137.25 area. Open Buy position @ 134.05-25 range for short term target of @ 134.75, 134.90 , 135.25
Remember, the market till in consolidating zone. No big momentum will seen today. Daily trader may get large profit today by doing range trading. Keep patience and trade securely.
Lastly, Forex trading is too much risky. So trade with your own risk. Best of luck !