EUR/JPY Analysis

Market news

6 February 2018

EUR/JPY Analysis

EUR/JPY has suffered a huge depreciation earlier in this week, largely due to recent stock-market corrections.

However, if we look at the 4-hour time frame chart, we can see that the price gave clear signs of a rejection of Fibonacci levels and the upside trend line that has been forming below the price.

Therefore, if the price continues to reject further down movements then we can expect a new appreciation on EUR/JPY.

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