Currently, EUR/JPY is trading at 117.87. The pair started a new up trend after breaking at 116.21. The pair was trading in a descending pattern before starting a new up trend. The price is now moving towards its first target, which is at 119.15. It may hit second target at 120.96 if it crosses the first target.
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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.