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EUR/JPY Potential Upward Movement

EUR/JPY Long-Term Trend: Bullish

Key Resistance Levels: 132.92, 133.45, 134.12

Key Support Levels: 130.70, 130.01, 127.85

Daily Time-frame:

The price on the higher time frame has been in a bullish momentum after facing rejection from around 124.4 level. We can see the price is continuing the move and has broken a resistance level of 131.49. Expect further bullish moves from this area.    

EUR/JPY Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend’s direction. The pair is moving in a structural bullish move. It has broken a resistance level of 131.53 and sustained above that level while showing signs of trend continuation.

Signal Idea:

Buy Stop Order @ 132.00

TP 1 @ 132.83

TP 2 @ 133.68

Stop Loss @ 131.17

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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