Currently, EUR/JPY is trading at 116.30. The pair started a downtrend on 12 April after rebounding from , and now the price has touched in the resistance and support . If the price breaks the at 117.03, then it may touch its first target at 119.00.
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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.