EURJPY is bullish on the long-term outlook. EURJPY remain under the bullish momentum. The price bottomed at the support level of $116.64 on 12 March. The bearish momentum was unable to break down the support level of $116.64. Following the scenario is the formation of strong bullish candle on 16 march that pushed up the price towards the resistance level of $120.37. So its target price will be 120.37, which is on the resistance level .
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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.