Currently, EUR/JPY is trading at 115.60. The pair started a new down trend on 13th May after breaking support level and now the price is forming lower-low lower-high pattern, while moving in support and resistance wedges . Its first target is at 115.17 and second target is at 114.55.
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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.