EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 142.97, 143.76, 144.69
Key Support Levels: 141.23, 140.14, 138.57
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
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.
Buy Stop Order @ 141.98
TP 1 @ 142.91
TP 2 @ 143.84
Stop Loss @ 141.05
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