EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 130.85, 131.93, 133.19
Key Support Levels: 128.86, 127.96, 126.68
The price on the higher time frame has shown good momentum to the upside. The price did a sharp reversal after facing rejection from the downside. The price could find support at the 129.07 level and should continue the bullish momentum.
EUR/JPY Medium-Term Trend: Bullish
On the lower time frame, the price is moving in the major trend’s direction. The price has broken a resistance level of 129.58 and then continued momentum. We expect a retest and the pair should find support at the trendline.
Buy Limit Order @ 129.75
TP 1 @ 130.56
TP 2 @ 131.40
Stop Loss @ 128.94
Trade Safely 🙂