LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

EURJPY reversed from support area; Likely to rise to resistance level 133.000.

EURJPY currency pair recently reversed up from the support zone lying between the key support level 130.00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward impulse wave 1 from the end of January. The upward reversal from this support zone stopped the previous short-term corrective wave 2 from the start of February. Given the strength of the aforementioned resistance zone and the clear yen outflows that can be seen across the FX markets today, EURJPY currency pair can be expected to rise further toward the next resistance level 133.000 (which has been reversing the price from October).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.