EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 139.02, 139.83, 140.34
Key Support Levels: 137.54, 136.63, 135.75
The price on the higher time frame has been in an uptrend for the last few weeks. The price was rejected from the downside after finding buyers below the 127.92 level. There is good momentum in the trend and the price has broken the resistance level of 137.26 which indicates a bullish trend.
EUR/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price was trading in a range between 137.54 and 136.63 and recently the pair has broken the upper range. The price is now continuing the momentum after doing a retest of the 137.54 level.
Buy Stop Order @ 138.24
TP 1 @ 139.05
TP 2 @ 139.86
Stop Loss @ 137.43
Trade Safely 🙂