EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 133.20, 133.56, 134.10
Key Support Levels: 131.49, 130.86, 130.14
The price on the higher time frame saw lots of bullish momentum last week and managed to break a resistance line of 131.50. The pair now looks to continue the move after retesting the previous resistance zone that should act as a support now.
EUR/JPY Medium-Term Trend: Bullish
On the lower time frame, the price has been in a consolidation zone after the big move of last week. There is a formation of higher-low and price is respecting the trendline. Price has currently broken the upper trendline and showing momentum, we could see another good run.
Buy Limit Order @ 132.10
TP 1 @ 133.15
TP 2 @ 133.56
Stop Loss @ 131.52
Trade Safely 🙂