Currently, EUR/JPY is trading at 117.56. After starting a downtrend on 13 April, the pair is now making a lower low, lower high price pattern. As the price is already trading in the down trend, its next support level is at 116.96 on its support zone and that is the next target as well.
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Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
