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EUR/JPY Potential Upward Movement

EUR/JPY Long-Term Trend: Bullish

Key Resistance Levels: 143.74, 144.96, 145.65

Key Support Levels: 141.51, 140.36, 138.70

Daily Chart:

The price on the higher time frame has been in an uptrend for some time and recently it did a pullback and bounced back from the support level of 134.99 It has broken a level of 139.94 with good momentum which indicates trend continuation.

EUR/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price has broken a consolidation zone of 138.70 and 140.36 recently and sustained above that. The pair has now broken and retested a minor level of 141.51 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 142.42

TP 1 @ 143.64

TP 2 @ 145.47

Stop Loss @ 141.20

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.

2 comments

  1. This signal was terrible. I’m sorry but I don’t want to wait 24 hours just to be in profit, and struggling to get even 5 pips above $0

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