EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 132.92, 133.45, 134.12
Key Support Levels: 130.70, 130.01, 127.85
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
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.
Buy Stop Order @ 132.00
TP 1 @ 132.83
TP 2 @ 133.68
Stop Loss @ 131.17
Trade Safely 🙂