EUR JPY is now test new way in Forex market
5/19/2017 2:47:30 PM
According to Forex market When EUR/JPY weakened in the middle 122.05, EUR/JPY achieved to reclaim several positive bias and is now trying 123.77.
The risk-on sentiment now appears to succeed in the global markets, highlighting the offered bias around the safe haven JPY and arising the cross to the locality of the key 124.05 handle.
Currently the cross is up 0.011% at 123.81 facing the next persistence at 124.16 followed by 124.90 and ultimately 125.85. On the downside, a breach of 123.00 would reveal 122.54 and then 120.85.
FOREX market analysis by FxErvin.