EUR/JPY Potential Upward Movement

EUR/JPY Long-Term Trend: Bullish

Key Resistance Levels: 142.97, 143.76, 144.69

Key Support Levels: 141.23, 140.14, 138.57

Daily Chart:

The price on the higher time frame was showing bearish move until it found support at the 137.36 level. The pair has bounced back from there and broken a resistance level of 141.03 which shows bullish bias. 

EUR/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently showed good momentum after breaking the 138.57 level. The pair has sustained above the 140.14 level. It has now also broken and retested a minor level of 141.23 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 141.98

TP 1 @ 142.91

TP 2 @ 143.84

Stop Loss @ 141.05

Trade Safely 🙂