EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 143.74, 144.96, 145.65
Key Support Levels: 141.51, 140.36, 138.70
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
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.
Buy Stop Order @ 142.42
TP 1 @ 143.64
TP 2 @ 145.47
Stop Loss @ 141.20
Trade Safely 🙂